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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1 Bank of America Merrill Lynch (BAML) 1,284 2 30.09
2 Barclays 633 1 14.82
3 BNP Paribas 509 1 11.91
4 Citi 467 1 10.94
5 Morgan Stanley 455 1 10.66

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5 Wells Fargo Securities 6,258.35 24 8.26%