BNPP and Lloyds prep self-arranged deals as Lone Star gears up NPL portfolio
Lloyds and BNP Paribas have announced new ABS issues for their internal clients, preparing issues backed by UK credit cards and Italian auto loans. BNPP's deal is a debut for Findomestic, the Italian subsidiary of BNP Paribas Personal Finance, and will be a full capital stack issue.
Lloyds announced Penarth 2019-1 STS UK credit card ABS, a deal qualifying for 'simple transparent and standardised' status.
The deal includes three triple-A tranches, a senior dollar tranche linked to dollar with a coupon over one-month Libor and two sterling tranches referencing Sonia.
The dollar tranche has ...Please take a trial or subscribe to access this content.
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