Credit Suisse has securitized a portfolio of loans tied to yachts and private jetsBloomberg have the report, citing other financial media.
loans were backed by jets, yachts, property or other financial assets
deal finalised late 2021
interest rate of more than 11%
Bloomberg add that CS experienced 12 defaults on its yacht and aircraft loans in 2017 and 2018, of wh
Source: Credit Suisse has securitized a portfolio of loans tied to yachts and private jets (https://www.forexlive.com/news/credit-suisse-has-securitized-a-portfolio-of-loans-tied-to-yachts-and-private-jets-20220206/)
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