Darien Rowayton Bank – with a fledging student loan refinancing program for graduates of prestigious medical, business and law schools – has issued its second asset-backed securitization of 2016.

DRB Prime Student Loan Trust 2016-B is a $176 million transaction split into three classes of notes. The notes are divided between a $21.5 million Class A-1 tranche of  floating-rate student loans; a $143.7 million Class A-2 tranche of fixed-rate loans with terms greater than five years; and a $10.8 million fixed-rate class of A-3 notes with a pool of loans under 60 months.

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