Reuters – KKR, Allegro to buy Australia Debt from Lloyds

KKR and Australia’s Allegro Funds have agreed to buy around A$350 million ($364 million) distressed commercial loans from a unit of Lloyds Banking Group, writes Reuters. The deal is the latest in a series of portfolio loan sales struck in Asia, as new capital requirements force European lenders to retreat from the region and focus on their home markets.

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