Funding Circle returns to 'red hot' consumer ABS market
UK marketplace lender Funding Circle is readying its second US ABS deal, a larger offering than its inaugural outing last year, but one that should be eagerly snapped up by investors who say the market for consumer loans deals is red hot.
The $243m deal is being offered under rule 144A to qualifying institutional investors, as was its US debut, said a person familiar with the trade. Credit Suisse is the sole bookrunner while Dv01 is the loan data agent.The deal is slightly bigger the second time around and ...
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