Mixed pricing for student loan ABS

摘要

The UK government shrugged off criticism that its student loan sales do not provide value for money to taxpayers when it last week priced the second deal from a securitisation programme designed to raise £15bn by 2023. Investors in the rated notes demanded much wider spreads than for the debut deal one year ago, pointing to weaker sterling markets and Brexit worries. Buyers of the unrated first loss piece, however, were content to pay more than in 2017.