Online consumer lender to make first run at ABS market

Online consumer lender LendingPoint is gearing up to issue its first ever rated ABS, according to documents filed with US Securities and Exchange Commission this month.

  • By Jennifer Kang
  • 08 Aug 2019
While LendingPoint originates loans to prime borrowers, the lender focuses mainly on the subprime borrower segment. The company makes use of alternative data points beyond personal credit scores, looking at things like job history and debt-to-income ratios. Its near prime borrowers have a score of 700 or below ...

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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 5,997 17 15.40
2 Citi 4,679 16 12.02
3 Lloyds Bank 3,158 6 8.11
4 Bank of America Merrill Lynch (BAML) 3,104 10 7.97
5 Morgan Stanley 3,066 8 7.88

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1 Citi 70,707.91 236 10.46%
2 JPMorgan 64,579.62 197 9.55%
3 Bank of America Merrill Lynch 51,474.08 169 7.61%
4 Wells Fargo Securities 51,322.59 157 7.59%
5 Credit Suisse 47,737.24 151 7.06%