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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| P2p Global Investments Plc | LSE:P2P | London | Ordinary Share | GB00BLP57Y95 | ORD GBP0.01 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 826.00 | 822.00 | 826.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMP2P
RNS Number : 9422K
P2P Global Investments PLC
27 September 2016
27 September 2016
P2P Global Investments PLC
P2P Global Investments completes first ever securitisation of consumer marketplace loans in EMEA
P2P Global Investments PLC (P2P GI), the first UK listed investment trust dedicated to investing in loans originated via marketplace lending platforms, confirms that it has completed the first securitisation of consumer loans originated via a marketplace platform in the EMEA region.
The securitisation is backed by UK consumer loans originated via the Zopa platform. The bonds were rated by Moody's and Fitch Ratings, and given the ratings of Aa3/AA- on the most senior notes, the highest achieved so far for a marketplace transaction. The senior notes priced at an attractive spread of 145bps over one month LIBOR; the deal demonstrates close cooperation between Zopa and MW Eaglewood. Deutsche Bank acted as Sole Arranger and Lead Manager for the securitisation.
Simon Champ, CEO of MW Eaglewood Europe LLP, the manager of P2P GI, said: "This transaction marks a positive step in enabling us to deliver on our objective to both diversify the sources and reduce the cost of our funding. The funds raised by the issue will now be progressively deployed in line with the investment strategy and our intention remains to steadily increase our leverage ratio to 100%."
"We believe our target rate of return, mostly paid out in dividends, is particularly compelling in this ultra-low interest rate environment."
MW Eaglewood Europe LLP +44 (0)20 7316 2280
Simon Champ
Liberum Capital Limited +44 (0)20 3100 2000
Tom Fyson
J.P. Morgan Cazenove +44 (0)20 7742 4000
William Simmonds
Media enquiries:
Boscobel & Partners +44 (0)203 642 1310
George Trefgarne
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCAKODPCBKKDCB
(END) Dow Jones Newswires
September 27, 2016 05:54 ET (09:54 GMT)
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