Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Lloyds Said to Close Leveraged Finance Lending in Australia

Lloyds Banking Group Plc is closing its leveraged finance unit in Australia, according to a person familiar with the matter.

The bank’s existing leveraged loan portfolio of more than A$1 billion ($989 million) will be run down over time and won’t be sold to other lenders, the person said. The debt was lent through its BOS International unit, the person said.

Lloyds has announced 42,000 job cuts over the past three years, closed overseas units and pledged a narrower focus on its core U.K. market as it seeks to wean itself off cheap central bank loans. The bank’s shares have fallen 64 percent in London trading this year.

Sydney-based Peter Moore, former Australian leveraged finance head at BOS International, has a new role as head of project finance and portfolio management, according to the person. The decision to exit the business affects seven employees, the person said, declining to elaborate.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.