Bond Offering Tied to Prosper Marketplace Loans Gets Chilly Reception
Investors demand yields more than 5 percentage points higher than similar deal late last year
A bond offering based on a batch of personal loans made by Prosper Marketplace Inc. got a cold reception late Thursday, the latest sign of investor skittishness toward fast-growing online lenders.
Investors who bought the securities demanded yields as much as 5 percentage points higher than for a similar deal late last year.
The response to the Prosper loans was comparable to other recent sales of online loans, and is further...







