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.

[Coming this November: Marketplace Lending + Investing. Hear how participants in this fast-growth niche are using data and technology to propel lending into the 21st century.]

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