Prospect plans summer smash with P2P ABS

The hottest new asset class in US securitization is set for a scorching summer, with at least two more marketplace lending ABS expected in the coming weeks after Citi and SoFi tapped the market this week.

  • By Will Caiger-Smith
  • 30 Jul 2015

New York-based business development company Prospect Capital is set to launch an unrated securitization of more than $200m of Prosper loans with Credit Suisseas an underwriter within the month of August, its CEO, Grier Eliasek, told GlobalCapital on Thursday.

Prospect is also looking to spin off ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 4,296 9 12.88
2 BNP Paribas 3,026 10 9.07
3 Bank of America Merrill Lynch (BAML) 2,824 9 8.46
4 Lloyds Bank 2,213 9 6.63
5 Credit Agricole 2,025 6 6.07

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 45,536.99 131 11.48%
2 Bank of America Merrill Lynch 42,332.13 117 10.67%
3 Wells Fargo Securities 33,822.43 98 8.53%
4 JPMorgan 31,087.25 89 7.84%
5 Credit Suisse 24,807.99 61 6.25%