Morgan Stanley to re-securitize 2015 SoFi notes

By Max Adams
30 Apr 2018

Morgan Stanley is in the market with MSRP 2018–SC1, a securitization backed by notes issued in a 2015 consumer ABS offering from SoFi.

The bank is selling $36.7m of class ‘B’ certificates that are backed by cash flows from a pool of unsecured consumer loans securitized in SoFi’s SCLP 2015-1 deal — a single $189.4m class of ‘A’ notes. 

According to Kroll Bond Rating Agency, which gave the new notes a BBB ...

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