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Peer2Peer Finance News | August 22, 2017

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P2P securitisation

UK Bond Network seeking to offer P2P securitised loans to retail investors

June 9, 2017 |

UK BOND Network (UKBN) may become the first platform to offer securitised peer-to-peer loans to UK retail investors through its Innovative Finance ISA.

The P2P bond auction firm, which underwrites bond deals of between £500k and £4m for business borrowers, … Read More

GLI hires new COO after business turnaround

May 12, 2017 |

GLI FINANCE has hired Aaron Le Cornu as chief operating officer to replace Russell Harte, the business turnaround expert it had brought on board to streamline its group structure last year.

Le Cornu joins from Elian, where he held the … Read More

P2P securitisation trend continues as Funding Circle mulls new deals

October 24, 2016 |

FUNDING CIRCLE is now considering new securitisation deals, as the debt-packaging trend gathers pace in the UK.

The peer-to-peer lender’s chief executive and co-founder Samir Desai told Peer-to-Peer Finance News that Funding Circle “has plans to do more” securitisations in the … Read More

Zopa plans more securitisations

October 12, 2016 |

ZOPA is planning to securitise more of its loans after its first issuance was oversubscribed, the peer-to-peer lender’s head of capital markets has said.

“The deal was oversubscribed and there seemed to be a strong market appetite,” Jonathan Kramer told … Read More

US P2P securitisation hits record high

October 6, 2016 |

PEER-TO-PEER securitisation in the US hit a record $2.3bn (£1.8bn) in the third quarter, with more than half of the loans now backed by assets, according to new research.

The sector is now valued at $12.6bn, with $5.4bn of … Read More

UK P2P set for securitisation boom

October 5, 2016 |

UK PEER-TO-PEER platforms that originate consumer loans will increasingly turn to securitisation in order to grow their businesses, according to a new report from Moody’s.

The ratings agency said on Wednesday that it expects to see a number of deals … Read More

Zopa securitisation issue priced

September 26, 2016 |

ZOPA’S £138m securitisation has been priced, Peer-to-Peer Finance News has learnt.

London-listed investment trust P2P Global Investments owns the peer-to-peer platform’s loans that are being securitised and is sponsoring the transaction. News of the deal, which will be the first … Read More

Zopa’s transparency secures high rating from Fitch

September 23, 2016 |

ZOPA’S debut securitisation has received the highest rating cap of any peer-to-peer lending transaction in the world by Fitch Ratings, despite forecasts of rising default rates.

The ratings agency gave the most senior tranche of loans an expected rating of … Read More

Zopa securitisation could lure in the bankers

September 22, 2016 |

ZOPA’S £138m securitisation deal is set to attract institutional investors and help loan originator P2P Global Investments (P2PGI) meet its return target.

The peer-to-peer platform is working on the first UK-based securitisation of P2P consumer loans, which involves packaging them up and … Read More