Copying and distributing are prohibited without permission of the publisher.

Watermark

Subprime Progreso Financiero sells second personal loan ABS

By Matthew Scully
19 Jun 2014

Instalment lender Progreso Financiero has returned to the capital markets with a $100m ABS that draws from the $1bn in loans it has now made to borrowers. The firm's growth highlights the encroachment of non-banks into subprime and small dollar lending and may facilitate new rounds of securitization as investors look to non-traditional ABS for a pick-up in yield.

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free Trial
By Matthew Scully
19 Jun 2014