IFLR1000

NewDay Group master trust credit card securitisation

1/6/2015
Securitisation
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£ 930 million

$ 1.155 billion

Completed

1/6/2015

Overview:

  • NewDay Cards has established a second master trust credit card securitisation.
  • NewDay and Citi acted as arrangers with Deutsche Bank, Lloyds, RBS, Royal Bank of Canada and HSBC acting as joint lead managers.
  • The structure issued two series of note in June 2015 (2015-1) and November 2016 (2015-2).

Sam Duke - Editor

Jurisdictions:

United Kingdom
Channel Islands: Jersey

Deal type:

Securitisation

Practice area:

Capital markets : Structured finance and securitisation

Industry sector:

Financial services

Firms:
Carey Olsen

Party: NewDay Group (Originator)

Lawyer: Simon Marks

Clifford Chance

Party: Citibank (Arranger)

Party: Deutsche Bank AG Na ON (Joint lead manager)

Party: Lloyds Banking Group (Joint lead manager)

Party: Royal Bank of Scotland (RBS) (Joint lead manager)

Party: Royal Bank of Canada (Joint lead manager)

Party: HSBC (Joint lead manager)

Party: NewDay Group (Arranger)

Lawyer: Kevin Ingram

Slaughter and May

Party: NewDay Group (Originator)

Lawyer: Richard Jones

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