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.

  • By Sam Kerr
  • 19 Jun 2017

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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