Our Fund I investment, ZOPA, securitised loans which received a warm reception in the market. The deal, which is the second securitisation of Zopa loans, has been priced significantly tighter than last year’s transaction. News of the securitisation first broke mid-way through October.
The second securitisation of Zopa loans gets away at significantly tighter spreads than the first. A securitisation of loans originated by peer-to-peer lending firm Zopa has received a warm reception in the market. The deal, which is the second securitisation of Zopa loans, has been priced significantly tighter than last year’s transaction. News of the securitisation first broke mid-way through October. The securitisation was led by P2P Global Investments PLC, the first UK listed investment trust to dedicate itself to investing in marketplace loans, and was arranged by Deutsche Bank. The most senior class of notes was priced at 70bps over one month Libor, compared to 145bps last year. The senior tranche of the £209m securitisation, which represents 80 per cent of the portfolio, was rated AA by Moody’s.
http://www.altfi.com/article/3652_new_zopa_securitisation_priced_highlights_market_confidence
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