Funding Circle prices inaugural US securitization

Funding Circle
By Jennifer Kang
19 Aug 2019

UK-based online lender Funding Circle has priced its $198.45m offering backed by loans made to small and medium-sized enterprises, as the company pushes to diversify its funding globally.

The $142.8m class ‘A’ notes were priced at 115bp over the euro/dollar spot forward, while the $15.8m class ‘B’ notes were priced at 200bp over interpolated swaps. The ‘C’ and ‘D’ notes were priced at 295bp over interpolated swaps and 500bp over interpolated swaps, respectively. 

Credit Suisse was the ...

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