Prosper brings deeper capital stack with latest ABS

Prosper is the latest online lender to structure its securitization with more subordinate paper, as issuers move to respond to investor demand for higher yielding, short-dated paper.

  • By Sasha Padbidri
  • 22 Mar 2018

Deep subordinate tranches were a structural feature rarely seen in online loan securitizations, but persistent low yields meant the trend picked up late last year, when SoFi and Marlette rejigged their deals to offer ‘C’ and ‘D’ notes for the first time.

This year, Prosper broadened its ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 4,296 9 13.65
2 BNP Paribas 3,026 10 9.61
3 Bank of America Merrill Lynch (BAML) 2,411 8 7.66
4 Lloyds Bank 2,213 9 7.03
5 Credit Agricole 2,025 6 6.43

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 37,494.89 105 12.02%
2 Bank of America Merrill Lynch 30,932.47 87 9.92%
3 Wells Fargo Securities 26,900.77 74 8.62%
4 JPMorgan 23,547.25 70 7.55%
5 Credit Suisse 19,951.44 47 6.40%