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) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

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5 Credit Suisse 30,239.23 97 5.43%