NewDay sitting comfortably in top four with card ABS

By Tom Porter
08 Dec 2014

Demand for NewDay Cards’ UK credit card securitization has jumped since Friday, with the top four classes of the £300m transaction now comfortably covered.

Books have been building gradually since arranger Royal Bank of Scotland and lead managers Citi, Deutsche Bank and Santander set initial price thoughts for NewDay Partnership Funding 2014-1 on Thursday.

All six tranches of three year notes have been opened up to investors, but initially only the £222.3m ...

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