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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2 Bank of America Merrill Lynch (BAML) 8,059 25 11.25
3 Lloyds Bank 6,979 21 9.74
4 Citi 6,256 16 8.73
5 JP Morgan 5,220 8 7.29

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