Lloyds Banking Group Plc (LLOY) plans to sell bonds backed by U.K. credit cards, according to a banker involved in the transaction.
A roadshow for the securities to be issued through Penarth Series 2012-1 will start March 19, the banker said. Lloyds Bank is sole arranger of the transaction, while Bank of America Corp. and Morgan Stanley are lead managers with Lloyds.
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