Bibby Financial Services Group £480 million securitisation

Overview:

• Bibby Financial Services has entered into a securitisation of a £480 million portfolio of factoring and invoice finance receivables.
• The deal is the first securitisation by a private sector non-bank asset-based lender.
• Barclays, Bank of America, HSBC and Lloyds Banking Group acted as joint lead managers.
• Bibby is focused on extending financing to UK SMEs.

Sam Duke - Editor