Morgan Stanley to run second P2P deal for SoFi

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 ...Already a subscriber? Login