Rare ABS combines Belgian and Luxembourg collateral

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By Tom Brown
22 Feb 2021

Belgian point-of-sale lender Buy Way Personal Finance is bringing a rare public securitization of consumer loans backed by assets in both Belgium and Luxembourg. The deal is only the fourth Belgian transaction issued since 2008.

The lender mandated Deutsche Bank and Natixis as arrangers and named BNP Paribas as joint-lead manager. 

Buy Way priced BL Cards 2018 as its first offering. The issuer is refinancing the portfolio in the new deal, achieving an STS designation for the first time which wasn’t available the last ...

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