CommonBond, a marketplace lender specializing in private student loans, announced its first securitization Wednesday.
The New York company expects the deal to include approximately $100 million in graduate-student loans, and to receive an investment-grade rating of "Baa2" from Moody's, it said in a news release.
CommonBond expects purchasers of the bonds to include banks, insurance companies and asset managers.
As the marketplace loan industry has evolved from its peer-to-peer roots, securitization has become a more popular financing tool.
Social Finance, which competes against CommonBond in private student lending, has completed four securitizations and is expected to close soon on another $412 million securitization deal.
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