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

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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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