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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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 6,778 8 22.97
2 Citi 5,854 5 19.84
3 Goldman Sachs 4,763 3 16.14
4 Societe Generale 1,506 3 5.10
5 Rabobank 1,413 2 4.79

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 38,486.16 95 14.84%
2 Bank of America Merrill Lynch 35,181.47 86 13.56%
3 Wells Fargo Securities 24,415.38 74 9.41%
4 JPMorgan 17,158.72 50 6.62%
5 Goldman Sachs 13,413.44 31 5.17%