New Lending Club ABS deal structure a draw for investors

Lending Club’s debut self-sponsored club deal offering, which was priced on Wednesday, drew praise from investors, who hailed the new deal structure.

  • By Sasha Padbidri
  • 14 Jun 2017

All loans securitized in the transaction are whole loans purchased through a pro-rata allocation of the 'near-prime' loans originated on the platform by seven third parties unaffiliated with Lending Club, according to a Kroll presale report.

ABS investors told GlobalCapital they were receptive to the online platform’s decision to do ...

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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 9,725 17 21.27
2 JP Morgan 4,494 5 9.83
3 Citi 4,296 9 9.40
4 Bank of America Merrill Lynch (BAML) 3,067 11 6.71
5 Lloyds Bank 2,346 10 5.13

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 58,980.48 167 11.76%
2 Bank of America Merrill Lynch 53,246.36 139 10.61%
3 Wells Fargo Securities 39,402.03 114 7.85%
4 JPMorgan 39,226.50 111 7.82%
5 Credit Suisse 30,637.75 72 6.11%