Social Finance closed on a $412 million post-graduate private student loan securitization, SOFI 2015-B after pricing the transaction at the tightest spreads yet.

The issuer pays swaps plus 110 basis points on the 3.6-year, class A-2 notes, yielding investors 2.5%. By comparison SoFi paid swaps plus 125 basis points on the class A2 notes issued from its last securitization that priced on January 27.

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