Avant returns to ABS market with new deal

fotolia_loan
By Sasha Padbidri
20 Apr 2017

Subprime marketplace lender Avant is readying its first ABS transaction of 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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