Jefferies is rumoured to be helping revive Lending plc ’s hindered loan securitisation via a bond deal that is being pre - marketed to select investors , according to buyside sources quoted by Reuters . The bond , worth around $ 140 m , was put on hold upon the resignation of Lending Club ’s CEO back in May , and Jefferies is now said to be considering selling a double - tranche trade that is predicted to offer yields between 4.25 % and 7 % . The ##uters ##oft that the top class note of less than one year is approximately 60 % subscribed , while the longer two - year note was said to be fully covered . If the deal is successful , it is thought that Goldman Sachs may launch its own Lending Club bond deal .
Jefferies is rumoured to be helping revive Lending Club’s hindered loan securitisation via a bond deal that is being pre-marketed to select investors, according to buyside sources quoted by Reuters. The bond, worth around $140m, was put on hold upon the resignation of Lending Club’s CEO back in May, and Jefferies is now said to be considering selling a two-tranche trade that is predicted to offer yields between 4.25% and 7%. The sources added that the top class note of less than one year is approximately 60% subscribed, while the longer two-year note was said to be fully covered. If the deal is successful, it is thought that Goldman Sachs may revive its own Lending Club bond deal.