Morgan Stanley to run second P2P deal for SoFi

By Matthew Scully
08 Jul 2014

SoFi, the peer-to-peer start-up that makes loans to student borrowers, is preparing to sell a second asset-backed security to be sold through lead bookrunner Morgan Stanley, eight months after making its capital markets debut.

The San Francisco lender will issue a dual-tranche deal, with each tranche sized at $125.5m and carrying single-A ratings from DBRS, according to a pre-sale report.

Morgan Stanley, which also provides the company with a $60m line ...

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