OneMain Holdings, Inc. has closed its second Social Bond issuance, a $600 million ABS Bond, through its direct, wholly-owned subsidiary OneMain Finance Corporation (OMFC). This transaction is the first ever Social ABS Bond by a U.S. issuer and supports OneMain's continued efforts to promote financial inclusion in underserved communities by providing equitable access to credit. Loans will be made to borrowers residing in rural communities, at least 75% of whom are lower-income borrowers with annual net incomes of less than or equal to $50,000.
Market Closed -
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5-day change | 1st Jan Change | ||
47.24 USD | -0.42% | -0.69% | -3.98% |
Apr. 03 | JPMorgan Raises OneMain Price Target to $51 From $47, Maintains Overweight Rating | MT |
Apr. 02 | Jefferies Adjusts OneMain Price Target to $56 From $55, Maintains Buy Rating | MT |
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
-3.98% | 5.68B | |
-5.10% | 51.36B | |
-3.99% | 31.09B | |
+55.33% | 27.47B | |
+18.37% | 23.71B | |
+3.90% | 16.24B | |
-10.40% | 11.34B | |
+16.95% | 10.78B | |
+10.63% | 7.84B | |
-28.04% | 7.61B |
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