Orders mount for hairy UK student loans as price guidance emerges

By Jon Hay
04 Dec 2017

The media are full of stories about much of UK student loans may never be repaid. But ABS investors, especially specialists in riskier assets, have at least £7bn of appetite for them.

Barclays (arranger), Credit Suisse, Lloyds Bank and JP Morgan, bookrunners of the UK government’s securitization of £3.4bn of income-contingent student loans extended in 2002-6, said on Monday morning the deal’s top three tranches had attracted over £2bn of indications of interest, while the ‘X’ notes, the most junior ...

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