Conn’s slashes cost of funds in latest ABS deal

By Sasha Padbidri
14 Dec 2017

Home appliance chain Conn’s Inc has slashed its cost of funding in the securitization market, with its latest deal achieving the company’s tightest pricing since it re-entered the market in 2015.

Credit Suisse, JP Morgan and MUFG priced the $361.4m ‘A’ notes of CONN 2017-B at 105bp over Euro dollar spot forwards, and the $132.18m ‘B’ notes at 2650bp over. The $78.64m ‘C’ notes priced at 400bp over. The deal is backed by consumer retail loans ...

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