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) 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
5 Lloyds Bank 3,615 14 6.15

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5 Credit Suisse 51,560.77 157 5.45%