Marriott Vacations Worldwide Corp. has completed a securitization of a pool of approximately $264 million of vacation ownership loans. 

MVW Owner Trust 2015-1 issued $255 million of notes via a private placement with an overall weighted average interest rate of 2.56%, according to a press release published Friday.  There are two tranches: approximately $233 million of class A notes, rated ‘A’ by Fitch Ratings, that pay 2.52%; and approximately $22 million of class B notes, rated ‘BBB’ by Fitch, that pay 2.96%.

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