KKR Markets Europe’s First ABS Backed by PayPal BNPL Loans in Germany
Updated
Updated · Bloomberg · Jul 15
KKR Markets Europe’s First ABS Backed by PayPal BNPL Loans in Germany
2 articles · Updated · Bloomberg · Jul 15
Summary
KKR on Wednesday set initial marketing levels for an asset-backed security sale tied to PayPal’s buy now, pay later loans in Germany, according to people familiar with the matter.
The deal is the first European ABS backed by PayPal BNPL receivables, giving investors a new way to access the fast-growing installment-loan market.
Alps Partners Germany is the issuing vehicle for the sale, and pricing is expected by the end of the week.