Securitisation of consumer marketplace loans

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

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Boscobel & Partners +44 (0)203 642 1310

George Trefgarne