Citi traders step up to push Oodle deal through tough markets

cars
By Tom Brown
18 Mar 2020

Used car lender Oodle Car Finance opted to place its second-ever securitization with Citi's trading desk, locking in a bond exit which can be dribbled out to market, rather than extend its warehouse line.

Oodle placed the £147.4m 1.4-year senior notes in Dowson 2020-1 at 150bp over Sonia, 20bp wider than in its inaugural deal issued in September 2019. 

The class ‘B’ notes came in at 275bp, or 35bp wider than the 2019 debut. The ‘C’ notes landing at 325bp and the ...

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