Tesco returns to publicly placed card ABS market

By Graham Bippart
27 Apr 2015

Tesco Bank, which last year sold a credit card backed ABS to investors for the first time, is back in the market for more this week.

The banking arm of Tesco hired Citi to arrange Delamare 2015-1, appointing Bank of America Merrill Lynch and Citi as joint leads. The banks will roadshow with investors, on a by-request basis, in London from April 28-30.

The £300m class ‘A1’ of bonds, with a 2.95 year ...

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