Enova International Ondeck Asset Securitization IV issues $500.03 million fixed-rate asset-backed notes
ENVA•Enova International Ondeck Asset Securitization IV issued $500.03 million in fixed-rate asset-backed notes. Proceeds will purchase small business loans pledged as collateral for Series 2026-1 notes, which were priced at a 6.22% weighted average fixed interest coupon.
1. Note issuance
Enova International Ondeck Asset Securitization IV issued $500.03 million in fixed-rate asset-backed notes, according to a company SEC filing. Proceeds will be used to purchase small business loans pledged as collateral for the Series 2026-1 notes, which were priced at a 6.22% weighted average fixed interest coupon.
