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 BNP Paribas 10,542 20 17.55
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.16
3 Citi 5,130 13 8.54
4 JP Morgan 4,681 6 7.79
5 Morgan Stanley 4,137 11 6.89

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 81,261.11 236 11.54%
2 Bank of America Merrill Lynch 66,433.81 187 9.43%
3 Wells Fargo Securities 57,637.40 170 8.18%
4 JPMorgan 53,570.42 158 7.61%
5 Credit Suisse 45,349.30 117 6.44%