Pass-thrus, investor deals to boost online loan ABS
Issuance of ABS backed by marketplace loans is expected to get a boost this year, supported by a higher volume of pass-through certificates and investor-sponsored deals, according to Kroll Bond Rating Agency.
The introduction of new structures is being driven by issuers’ desire to tap a broader investor base, as some of the more traditional investors pull back from the online lending sector.In 2019, a handful of issuers, including Marlette Funding and LendingClub, came to market with pass-through ...
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