May 18, 2016 | AltFi News
“Small business lending platform OnDeck has closed a $250m securitisation.
OnDeck priced the deal in late April. As planned, the Notes were issues in two classes, consisting of $211.5m of Class A Notes and $38.5m of Class B Notes. The Class A Notes come with an annual yield to expected maturity of 4.250%, with the Class B Notes priced at 7.754%. Both sets of Notes have a final legal maturity of May 2020.”
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