Sterling paper dominated European securitization issuance last week as issuers rushed ahead of further Brexit developments, with a particular focus on the auto ABS market, which saw three deals clear the pipeline. The most recent deal to price was Dowson 2019-1, the debut offering from Oodle Car Finance, a KKR-backed fintech issuer with Citi taking the roles of arranger and joint lead manager. The senior notes were priced at 130bp over Sonia, backed primarily used cars and provisionally rated triple-A ... Contact our subscriptions team to discuss your access: subs@globalcapital.com Or sign up for a trial to gain full access to the entire site for a limited period. To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.
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 deal was arranged by Citigroup and priced at 130bp over SONIA.