Funding Circle adds to August ABS supply with first US deal
UK-based marketplace lender Funding Circle is set to issue its first US securitization, a $198.45m deal backed by loans made to small and medium-sized enterprises (SMEs).
The issuer is one of a just a handful of lenders to have priced marketplace loan ABS deals in the UK. The company priced its third securitization — SBOLT 2019-1 — in April via arranger Deutsche Bank.Funding Circle hopes to continue issuing securitizations in the US, as ABS ...
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