Robinhood Markets is reportedly considering its first sale of card receivables-backed debt. Bloomberg, citing unnamed sources, says the company is weighing an offering of asset-backed securities totaling between $400 million and $500 million. The proposed deal would include a bond backed by payments or “bills” associated with Robinhood’s branded consumer credit cards. According to the report, Robinhood is currently gauging investor interest as part of the process. The sources characterize the potential issuance as the company’s first such card receivables-backed bond. The details on structure, pricing, and timing are not provided in the available summaries. The review appears to be at an early stage, focused on market appetite. No confirmation from Robinhood is included in the cited coverage.
Robinhood weighs first card receivables-backed bond sale, report says
Robinhood Markets is reportedly considering its first sale of card receivables-backed debt. Bloomberg, citing unnamed sources, says the company is weighing an offering of asset-backed securities total...
- Robinhood is considering a first card receivables-backed bond, according to a report.
- The proposed asset-backed securities offering size is estimated at $400 million to $500 million.
- The structure would include a bond backed by bills or payments related to Robinhood’s branded consumer credit cards.
- The company is gauging investor interest for the potential transaction.
- The reporting cites unnamed sources and does not provide timing or final deal terms.
Robinhood Markets is weighing the sale of between $400 million and $500 million of asset-backed securities, including a bond backed by bills for its branded consumer credit cards, Bloomberg reported Monday (July 13), citing unnamed sources. The company is currently gauging investor interest in the bond, which would be its first such offering, according to the report. […] The post Robinhood Weighs Its First Sale of Card Receivables-Backed Bond appeared first on PYMNTS.com.
3 hours ago
The Trade Desk Integrates SEVEN-ELEVEN Japan Purchase Data for Digital Ads in Japan
The Trade Desk announces the integration of retail purchase data from SEVEN-ELEVEN JAPAN into its advertising platform f...
Study estimates over 2,700 heatwave deaths in England and Wales
Researchers estimate that more than 2,700 people may have died in England and Wales as a result of unprecedented heatwav...
Asian markets turn choppy as Trump signals Hormuz blockade and 20% cargo fee
Asian financial markets trade with sharp swings as traders react to renewed U.S. pressure around the Strait of Hormuz. A...