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 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 1,712.34 6 12.44%
2 SG Corporate & Investment Banking 1,292.64 1 9.39%
2 Rabobank 1,292.64 1 9.39%
4 Mizuho 1,215.54 3 8.83%
5 Wells Fargo Securities 1,012.71 4 7.36%