New UK marketplace loan deal mandated

fotolia_loans
By Sam Kerr
13 Oct 2017

P2P Global Investments has mandated Deutsche Bank to arrange a new consumer ABS transaction backed by marketplace loans originated by Zopa.

The transaction, MOCA 2017-1, will be offered in three tranches and is backed by 31,153  Zopa loans with a total outstanding balance of £208.96m. The loans have an average current balance of £6,708 and a weighted average seasoning of 4.5 months. The average interest rate is 7.2%.

The weighted ...

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