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Online student lender SoFi has taken a detour from student loan refinancing with a debut unsecured consumer loan ABS deal, which entered what dealwatchers are calling an "extremely quiet" market.
Leads Citi, Deutsche Bank and Goldman Sachs released guidance on Monday of 250bp over interpolated swaps on the $379.8m single tranche deal. Kroll Bond Rating Agency has assigned a preliminary A rating to the deal.
An ABS investor noted that a guidance of 250bp was "positive" for the space, which has suffered from a lack...