Avant returns to ABS market with new deal

Subprime marketplace lender Avant is readying its first ABS transaction of 2017.

  • By Sasha Padbidri
  • 20 Apr 2017

The company filed documents with the US Securities and Exchange Commission this week for its upcoming deal, Avant Loans Funding Trust 2017-A.

JP Morgan, Credit Suisse and Morgan Stanley are leading the deal, which is backed by 41,250 unsecured consumer loans, according to the filing.

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1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
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5 Credit Suisse 44,382.59 136 5.24%