Barings places private Japanese ABS deal

Nice work if you can get it: ING Barings has arranged a $102.6 million securitization for Nice, a consumer finance company

Japanese consumer finance company Nice has completed its fourth securitization deal via ING Barings, which not only acted as lead manager on the deal but is also the parent company, having acquired a 35% interest in the firm last year.

The Ñ12.5 billion $102.6 million transaction is backed by a portfolio of around 38,000 consumer loans, the first time Nice has issued a deal using such assets.

The deal was placed privately, something that is relatively easy to do...

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