Second UK government student loan ABS hits primary

By Asad Ali
10 Oct 2018

The UK government has launched the second securitization of income contingent student loans, roughly a year after the first deal was closed.

Last year’s hefty £3.5bn inaugural deal — income Contingent Student Loan 1 (ICSL1) — was arranged by Barclays with Credit Suisse, Lloyds Bank and JP Morgan added as joint leads, a precedent for future deals.

That transaction, marketed to around 200 investors and placed with 40, marked the ...

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