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Peer2Peer Finance News | September 23, 2019

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securitisation

Funding Circle embarks on £164m US securitisation

August 8, 2019 |

FUNDING Circle is securitising some of its US loans for the very first time.

This will be the fifth time that the publicly-listed peer-to-peer business lender has gone to the debt capital markets but the first time it has done … Read More

Ratings agency backs Funding Circle’s tightening of credit standards

July 9, 2019 |

FUNDING Circle’s decision to apply higher credit standards to its lending will sacrifice growth in favour of higher quality loans, according to Canadian credit rating agency DBRS.

The publicly-listed peer-to-peer lender recently downgraded its outlook for loan growth due to … Read More

Pricing for Funding Circle’s latest securitisation is revealed

July 3, 2019 |

FUNDING Circle’s latest securitisation has been priced.

Its senior A tranche has been given a coupon of 1.2 per cent above one month Libor, while its B class is priced at 1.8 per cent.

The coupon on its C, D … Read More

Funding Circle set for fourth securitisation

June 17, 2019 |

FUNDING Circle is getting set for the fourth securitisation of a package of its small- and medium-sized enterprise (SME) loans.

A statement from Deutsche Bank said it has been mandated as arranger and lead manager for SBOLT 2019-2, a transaction … Read More

VPC thrives as P2P wind down continues

June 10, 2019 |

VPC Specialty Lending returned 19.54 per cent to investors between 17 March 2015 and 30 April 2019, with declared dividends of 27.5p.

According to its latest investor presentation, the investment trust has benefited from its gradual shift away from peer-to-peer … Read More

UK P2P sector poised for “significant further growth”

June 5, 2019 |

THE UK’S peer-to-peer lending sector is set to experience “significant further growth”, according to Standard & Poor’s.

A report released by the ratings agency this week said that the growing involvement of institutional funds and increased securitisation issuance are set … Read More

Funding Circle back in securitisation market with £187m deal

April 2, 2019 |

FUNDING Circle has entered the securitisation market for the third time, with a £187m portfolio of UK loans originated by the peer-to-peer business lender.

Alternative asset manager Pollen Street Capital is the equity sponsor of the deal, having backed Funding … Read More

Securitisation forecast to fuel growth of peer-to-peer lending

February 22, 2019 |

SECURITISATION will play a key role in the growth of marketplace – or peer-to-peer – lending in the UK and Europe, a credit agency has predicted.

In a report titled ‘Marketplace Lending – A Growing and Dynamic Global Market’, DBRS … Read More

Funding Circle returns to securitisation markets with £206m deal

April 30, 2018 |

A SECOND securitisation of Funding Circle loans has been unveiled, which will boost the portfolio of the P2P Global Investments (P2PGI) fund.

Deutsche Bank has said it is arranging a securitisation of 4,007 loans made through the peer-to-peer business lending … Read More

US platform Prosper lent out £2bn in 2017

March 26, 2018 |

US PEER-TO-PEER lending giant Prosper reported a 31 per cent rise in loan originations to $2.88bn (£2.02bn) in 2017, while its net losses narrowed slightly to $115m.

The consumer loans platform said in its full-year results on Monday that it had … Read More