CommonBond closes $248M securitization

CommonBond today announced the close of a $248 million securitization of refinanced student loans.

The most senior notes scored ratings of Aa2 from Moody’s, AA from S&P and AA (high) from DBRS, CommonBond’s highest ratings so far.

This is CommonBond’s largest of its five transactions to date. With more than $1 billion in orders, it was more than four times oversubscribed.

David Klein

David Klein

“The strong market reception is a reflection of our pristine credit quality, continued ratings progression, and track record of consistent results,” CommonBond cofounder and CEO David Klein said.

“As a programmatic issuer, we look forward to continuing to bring consistently high performing bonds to the market, providing investors with world-class capital deployment options.”