Bloomberg the Company & Products

Bloomberg Anywhere Login


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

Lloyds Seen by TradeWinds Selling Shipping Loans at 50% of Value

Oct. 2 (Bloomberg) -- Lloyds Banking Group Plc sold discounted shipping loans to Oaktree Capital Management LP, according to TradeWinds.

The London-based bank sold $750 million of loans from its $8 billion shipping portfolio to the Los Angeles-based fund at 50 to 55 cents on the dollar, the industry newspaper said, citing ship finance professionals it didn’t identify.

Lloyds spokesman Ian Kitts declined to comment by phone today. So did an official at Oaktree who declined to be identified.

To contact the reporter on this story: Isaac Arnsdorf in London at

To contact the editor responsible for this story: Alaric Nightingale at

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.