NewDay increases ABS, removes dollar tranche

Cinven and CVC-owned issuer NewDay has priced its largest ever deal, increasing NewDay Partnership Funding 2020–1 by £100m and removing the Sofr-linked dollar tranche from the transaction.
Bank of America, Santander, BNP Paribas and SMBC Nikko arranged the consumer loan securitization.
Multiple investor accounts had booked £139m ($179.22m) worth of pre-orders for the 3.1-year senior tranche, as well as for two thirds of the class ‘B’ and ‘C’ tranches, and one third of the ‘D’ ...Already a subscriber? Login