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MPOWER Financing’s inaugural securitization achieves A ratings
The Business Guardian
|May 23, 2024
M POWER Financing ("MPOWER"), a mission-driven fintech firm and the leader in international student financing, today announced the completion of its first securitization, MPOWER Education Trust 2024-A ("MPOWR 2024A").
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The $215.2 million collateral pool is composed of U.S. dollar-denominated, fixed-rate loans made to primarily graduate international students at leading U.S. colleges and universities. It is the first securitization of international student loans by a U.S.-domiciled private student lending platform.
Along with $300+ million of warehouse commitments that MPOWER secured last year from Goldman Sachs, Deutsche Bank and Värde Partners, this securitization enables MPOWER to put more than $500 million towards its rapidly growing portfolio of loans issued to Indian and other international students attending leading colleges and universities across the United States and Canada.
This story is from the May 23, 2024 edition of The Business Guardian.
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