Funding Circle strikes second CBILS securitization deal with Sixth Street

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By Owen Sanderson
18 Feb 2021

More securitizations of UK government-backed SME loans are being executed in private, with Funding Circle, a pioneer in the market, closing a deal with Sixth Street and Barclays in late January.

Since the UK's Coronavirus Business Interruption Loan Scheme (CBILS) was unveiled last year, it has presented an attractive investment opportunity for credit funds and speciality lenders, thanks to the combination of higher interest rates and government guarantees for 80% of the loan balance.

The UK has an ...

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