BNPP and Lloyds prep self-arranged deals as Lone Star gears up NPL portfolio

ireland Adobe 230x
By Tom Brown
02 Jul 2019

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.

Contact our subscriptions team to discuss your access:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.