The senior notes were priced at 130bp over Sonia, backed primarily used cars and provisionally rated triple-A ... UK auto fintech’s Oodle Car Finance made its debut in the asset-backed securities market, issuing Dowson 2019-1 senior notes backed primarily by used car loans. The company said it had raised £10m from investors including venture capital firm Accel Partners, and was looking to raise further funds through a range of new sources such as private equity firms and banks.
UK auto fintech’s Oodle Car Finance made its debut in the asset-backed securities market, issuing Dowson 2019-1 senior notes backed primarily by used car loans. The company said it had raised £10m from investors including venture capital firm Accel Partners, and was looking to raise further funds through a range of new sources such as private equity firms and banks.