OneMain & Avant secured and unsecured personal loan ABSs
- Dr P Singh
- Jan 2, 2017
- 1 min read
Jul 2016: OneMain issued its ABS secured on $400m of subprime auto loans. According to TCW the security is used cars.
In 2014 it issued a number of ABS transactions that secured by a mix of loans that were either unsecured or secured by cars. Details here
According to TCW OneMain issued a $350m 'bond' secured by unsecured loans mostly to sub-prime borrowers, and with a revolving feature. Details here
In July, SOFI issued an ABS secured by unsecured loans to prime borrowers. Details here
Apr 2016: Avant issued an unsecured consumer loans ABS Details here
Comments