Lending Club readies first self-sponsored prime loan ABS

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By Sasha Padbidri
11 Sep 2017

Lending Club is making its way back to the securitization market with a prime consumer loan deal.

Citi and JP Morgan are joint bookrunners on the $363m transaction, which is backed by 36 and 60 month fixed rate unsecured consumer loans made to prime borrowers with an average FICO score of 692, according to the Kroll pre-sale report.

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