Securitization market steps up to fund UK SME scheme

UK Treasury adobe stock 575x375
By Owen Sanderson
15 Sep 2020

Several lenders have raised funding for the UK’s coronavirus loan scheme for SMEs through the securitization market, with Barclays emerging as the leading bank for the asset class.

White Oak UK disclosed last week that it had signed a £150m securitization of Coronavirus Business Interruption Loan Scheme (CBILS) loans with Barclays, White Oak (CBILS) Blue No. 1. This refinances a book of loans originally funded by White Oak’s parent, San Francisco-based investment firm White Oak ...

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