SoFi deepens capital stack with latest consumer ABS

High Yields Bonds
By Sasha Padbidri
01 Nov 2017

Online lender SoFi is offering investors a deeper capital stack with its latest consumer loan ABS deal, while also shifting the mix of collateral in the portfolio towards longer-term loans.

SCLP 2017-6 will be offered in four tranches, and is the first time SoFi has structured a consumer loan deal to include a ‘C’ tranche of notes. Online lenders structuring their deals with deeper capital stacks have formed an emerging trend, and this follows a surge of investor demand for ...

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