SoFi preps new ABS as company eyes $12bn in 2017 loan origination

SoFi is back in the ABS market with a student loan refinancing deal, as the company eyes $12bn in new originations across market segments in 2017.

  • By Sasha Padbidri
  • 16 Mar 2017

Goldman Sachs, Bank of America Merrill Lynch and Deutsche Bank are leading the $461m offering, SoFi 2017-B.

S&P Global Ratings, Moody’s Investor Service and DBRS assigned preliminary ratings of AAA/Aaa/AAA to the $225.2m ‘A-1FX’ notes. The $189.9m ‘A-2FX’ notes received a AAA/Aaa/AAA rating, while the ...

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1 Bank of America Merrill Lynch (BAML) 3,865 12 12.28
2 Citi 2,800 7 8.90
3 Goldman Sachs 2,615 4 8.31
4 Credit Agricole 2,254 6 7.16
5 Barclays 2,006 6 6.38

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1 Bank of America Merrill Lynch 136,894.46 417 10.71%
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5 Credit Suisse 83,527.48 254 6.54%