Fintech

Bankers look to P2P loans for next big securitisation play

Funding Circle's £130 million ABS deal could be the start of a trend in Europe. But not everyone is convinced

Bankers look to P2P loans for next big securitisation play
Photo: NYSE

Deal-starved European securitisation bankers are eyeing a new type of debt that could help boost the region’s shrinking asset-backed securities market.

Deutsche Bank in April arranged Europe's first ABS deal backed by peer-to-peer loans - a roughly £130 million bond securitised from loans to small and medium-sized businesses originated by UK marketplace lender Funding Circle.

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