MPL deal flow opens up with SoFi consumer ABS

Loans
By Sasha Padbidri
17 Jan 2017

SoFi became the first online lender to offer a new securitization in 2017, bringing to market an unsecured consumer loan transaction to open up the marketplace loan ABS pipeline.

Deutsche BankCitiGoldman Sachs and JP Morgan issued guidance on Wednesday and increased the offering size of the deal from $477.1m to $564m. 

The $504m ‘A’ notes are guided at 180bp over eurodollar spot forwards, while the $60m ‘B’ notes received

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