BSN Holdings Limited, the parent company of specialist UK investment firm BSN Capital Partners, is preparing to launch a new asset-backed commercial paper conduit just months after the short-term debt markets in which the funding vehicles operate were paralysed by the credit crisis.

BSN Capital manages three ABCP conduits which between them have raised about $40bn (€25.3bn) of debt. In documents filed with the UK's Companies House, it said it is expected to be appointed as “investment adviser” for a fourth conduit to be launched by its parent this year.