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Lloyd's (LYG) plans to unload, for $621M, a portfolio of troubled Australian property loans to a...

Lloyd's (LYG) plans to unload, for $621M, a portfolio of troubled Australian property loans to a group led by Blackstone and Morgan Stanley. The face value of the paper is $1.8B. The move is part of a continuing process aimed at shoring up the bank's balance sheet.
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