OnDeck makes ABS return
Online small business lender OnDeck is back in the market with an ABS after a two year absence as it seeks to counter the higher cost of holding loans on balance sheet in a rising interest rate market.
The lender filed documents with the Securities and Exchange Commission for the upcoming deal on Tuesday. Deutsche Bank, Credit Suisse and SunTrust are leading the deal, according to the deal documents.OnDeck spent the last two years holding a greater percentage of its loans ...
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