Fillip for UK ABS as Tesco mandates first public credit card deal

Tom Porter

May 21, 2014 01:30 PM

Tesco 230x — London, United Kingdom. 16th April 2014 -- Tesco Supermarket brand logo sign illuminated at night. -- UK supermarket giant Tesco announced a 6 per cent fall in annual group trading profits to GBP 3.3 billion for the second year running which is blamed on falling prices and competition from discount rivals Aldi and Lidl. UK Supermarket Tesco Profits Fall Again as Sales Slide UK Supermarket Tesco Profits Fall Again as Sales Slide | Amer Ghazzal / Demotix/Demotix/Press Association Images

Tesco Personal Finance has fuelled hopes of a more active primary market for UK ABS by opting to publicly sell its third credit card securitization, a year after retaining a £1.75bn transaction to access the Funding for Lending Scheme.

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Tom Porter