UK credit card deal hits ABS primary
A UK ABS transaction backed by non-prime credit card receivables is being pitched to investors this week, as buyers closely eye tightening spreads across ABS assets and an uncertain near term economic outlook.
The issuer, New Day, is one of the largest specialist credit card companies in the UK and has a range of credit card brands, including Aqua, Marbles and Opus. The Marbles brand was reintroduced in 2015 to help customers rebuild credit history.
The brand is also active in
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