Ledn issues $188 million Bitcoin-backed ABS, securitizing consumer loans with 4,078.87 BTC collateral backing loans to 2,914 American borrowers. $160 million in senior notes (S&P preliminary rating BBB-), with a spread of 335bp, Jefferies as lead underwriter. #BTC # Crypto Finance
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Ledn issues $188 million Bitcoin-backed ABS, securitizing consumer loans with 4,078.87 BTC collateral backing loans to 2,914 American borrowers. $160 million in senior notes (S&P preliminary rating BBB-), with a spread of 335bp, Jefferies as lead underwriter. #BTC # Crypto Finance