SoFi hits primary with first dual-compliant MPL deal

By Sasha Padbidri
01 Feb 2017

SoFi has launched a $561m student loan refinancing transaction, the first marketplace loan ABS offering to be compliant with both European and US risk retention rules.

Sources speaking with GlobalCapital said that the dual-compliant structure of the deal is a natural step forward for the platform, given the increased attention it has been receiving from foreign ABS investors. SoFi's previous deal, a $564m unsecured consumer loan transaction issued last month, was US but not EU risk ...

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