Second US Funding Circle deal tightens from debut outing
UK online lender Funding Circle priced its second US consumer ABS on Thursday, tightening spreads on the bonds compared to its inaugural deal in August of last year on the back of strong demand for short dated consumer ABS paper.
Funding Circle saw its one year 'A' notes priced at 95bps over euro dollar spot forward, while the 2.6-year 'B' notes were priced at 165bps over swaps. The 3.4-year 'C' notes priced at 350bps over swaps. (For full pricing details, see GlobalCapital’s US priced deals database).In addition to ...
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