Virgin Media Mobile - first EU issue of mobile phone receivables (via ABCP)

Nov 2016: Virgin Media Mobile sold its mobile phone receivables into Royal Bank of Canada's ABCP conduit Thunder Bay Funding in a revolving £125m credit structure, said by law firm Allen and Overy to be the first of its kind in Europe. Details here and here

The securitisation was backed by loans Virgin Media offers to customers for mobile handset contracts. (ProQuest)