CommonBond, a marketplace lender specializing in private student loans, has closed its first securitization.

The deal, CommonBond Student Loan Trust 2015-A, issued a single tranche of class A notes with a weighted average life of 4.02 years and investment-grade ratings of ‘A (high)’ and ‘Baa2’ from DBRS and Moody’s Investors Service; the notes pay a spread of 165 basis points over swaps.  

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