OnDeck brings first ABS of 2019 as lender finds new bank partner

By Jennifer Kang
04 Nov 2019

Online small business lender OnDeck is back in the market with its first securitization of the year, following a third quarter earnings comeback and the announcement of a new bank partnership with New Jersey-based Investors Bank.

The $125m securitization does not fall into OnDeck’s usual biannual issuance schedule. OnDeck's last transaction priced in April 2018. The new offering includes a new ‘E’ tranche and has higher ratings than its previous deal. DBRS assigned a triple-A rating to the class ‘A’ notes and an AA ...

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