Blue completes its second public securitisation Azure Finance 2

In July 2020, Blue Motor Finance Ltd (Blue) completed its second asset backed public securitisation of its loans (Azure Finance No.2 PLC).

This transaction included nearly £200m of loans. It is the first sterling denominated auto loan securitisation concluded post lockdown. Firsts for Blue were that both rating agencies, S&P and Moodys, rated the senior notes as triple A and the transaction obtained the STS label.

This securitisation and its terms confirms investors’ confidence in Blue’s consistent and predictable loan originations, operations and performance.

“Blue continues to do what it has always done; underwrite prudently, run excellent servicing and collection operations and processes, and treat customers fairly. We are delighted that in these unprecedented and challenging times our portfolio performance continues to be reliable and strong and this has been recognised through this transaction. In particular, we appreciate the support and confidence of our investors, partners and the Blue team” commented Tiku Patel, Chief Executive of Blue Motor Finance.