Avant returns to ABS market with new deal

Subprime marketplace lender Avant is readying its first ABS transaction of 2017.

  • By Sasha Padbidri
  • 20 Apr 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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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 15,256 32 17.31
2 Bank of America Merrill Lynch (BAML) 9,637 29 10.93
3 Citi 8,264 22 9.37
4 Lloyds Bank 7,329 24 8.31
5 JP Morgan 6,580 10 7.46

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 129,591.43 378 11.20%
2 Bank of America Merrill Lynch 103,557.15 301 8.95%
3 JPMorgan 101,741.96 296 8.79%
4 Wells Fargo Securities 91,373.90 263 7.90%
5 Credit Suisse 76,186.18 204 6.58%