Lending Club , the largest marketplace lender in the world , is planning its first offering of bonds backed by its unsecured loans , according to the Wall Street Journal , promising new financing sources in today ’s challenging market . Working with Goldman Sachs and Jefferies Group on the offerings , LendingClub is said to be planning to discuss deals with potential investors this year . Inc.com reports that at least one analyst is questioning whether this is a wise move for LendingClub , given the negative press that many online lenders have received for “ charging high rates and lending to unworthy investors . ”
Lending Club, the largest marketplace lender in the US, is planning its first sale of bonds backed by its unsecured loans, according to the Wall Street Journal, seeking new funding sources in today’s challenging market. Working with Goldman Sachs and Jefferies Group on the offerings, LendingClub is said to be planning to discuss updates with potential investors this week. Inc.com reports that at least one analyst is questioning whether this is a wise move for LendingClub, given the negative press that many online lenders have received for “charging high rates and lending to unworthy borrowers.”