Strong demand seen for SoFi consumer ABS

consumer loan
By Sasha Padbidri
23 Jan 2017

SoFi priced the first marketplace loan ABS deal of 2017 late last week to heavy investor demand, as appetite for consumer ABS outpaces supply in January.

Leads Deutsche BankCitiGoldman Sachs and JP Morgan increased the size of SoFi's consumer loan ABS deal from $477.1m to $564m last week before pricing the transaction on Friday.

The $504m ‘A’ notes were priced at 180bp over eurodollar spot forwards, while the $60m ‘B’ notes were priced ...

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