Avant prices latest unsecured consumer ABS

Online subprime consumer lender Avant priced an unsecured consumer loan securitization on Tuesday, boosting the size of the deal from $221.93m to $285m.

  • By Max Adams
  • 23 May 2018

The Chicago-based marketplace lender priced the $190.54m senior ‘A’ class of AVNT 2018-A, rated A- by Kroll Bond Rating Agency, at 70bp over euro dollar spot forward, to yield 3.114%.

The ‘B’ tranche was priced at 125bp over EDSF, while the class ‘C’ notes were sold at 200bp over ...

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3 Citi 4,296 9 9.40
4 Bank of America Merrill Lynch (BAML) 3,067 11 6.71
5 Lloyds Bank 2,346 10 5.13

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