Deals / 19 Mar 2026
Propel Finance: Public securitisation, £306m
UK equipment finance lender Propel Finance closed Velocity 2026-1, its debut public securitisation: a £306m STS issue.
- Borrower
- Propel Finance, United Kingdom · SME lender
- Announced
- Facility
- Public securitisation · New
- Size
- £306m
- Funders
- Bank of America (arranger / lead manager)
- Citi (arranger / lead manager)
- British Business Bank (investor)
- Asset class
- Equipment
- Assets originated in
- United Kingdom
- Notes
- Propel's release gives no date; the date is from press coverage (19 Mar 2026). PCS verified the deal on 18 Mar 2026 with notes totalling £314.3m. Book closed above £800m with 17 investors. The British Business Bank's investment in the deal (its first in a public ABS) is from the Bank's release of 16 Jun 2026.
- Source quality
- Confirmed: announced by the borrower or a funder itself. How we check
- Last checked
- 7 Nov 2026
Sources
- Propel Finance · primary
- Alternative Credit Investor · secondary · 19 Mar 2026
- British Business Bank · primary · 16 Jun 2026
- PCS (STS verifier) · secondary · 18 Mar 2026
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