Hardik Shah
2026.07.13 19:15

๐Ÿ“ข ๐‰๐”๐’๐“ ๐ˆ๐: $Robinhood(HOOD.US) Robinhood Plans First Asset-Backed Bond Tied to Credit Card Receivables

๐Ÿ‘‰ ๐Š๐ž๐ฒ ๐‡๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ:

โžค ๐‘๐จ๐›๐ข๐ง๐ก๐จ๐จ๐ is gauging demand for its first ๐š๐ฌ๐ฌ๐ž๐ญ-๐›๐š๐œ๐ค๐ž๐ ๐›๐จ๐ง๐.

โžค Offering is backed by ๐œ๐จ๐ง๐ฌ๐ฎ๐ฆ๐ž๐ซ ๐œ๐ซ๐ž๐๐ข๐ญ ๐œ๐š๐ซ๐ receivables.

โžค Initial deal size targets at least ๐’๐Ÿ’๐ŸŽ๐ŸŽ ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง.

โžค Total issuance could increase to ๐’๐Ÿ“๐ŸŽ๐ŸŽ ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง.

โžค Securities will be split into ๐Ÿ๐จ๐ฎ๐ซ ๐ญ๐ซ๐š๐ง๐œ๐ก๐ž๐ฌ.

โžค Top-rated tranche is priced at about ๐จ.๐Ÿ– ๐ฉ๐ž๐ซ๐œ๐ž๐ง๐ญ๐š๐ ๐ž ๐ฉ๐จ๐ข๐ง๐ญ over benchmark.

โžค Deal supports Robinhood's expansion into the ๐œ๐ซ๐ž๐๐ข๐ญ ๐œ๐š๐ซ๐ market.

โžค Robinhood introduced a ๐’๐Ÿ”๐Ÿ—๐Ÿ“ ๐ฉ๐ฅ๐š๐ญ๐ข๐ง๐ฎ๐ฆ credit card in March.

โžค ๐–๐ž๐ฅ๐ฅ๐ฌ ๐…๐š๐ซ๐ ๐จ and ๐๐š๐ซ๐œ๐ฅ๐š๐ฒ๐ฌ are managing the offering.

โžค ๐‚๐จ๐š๐ฌ๐ญ๐š๐ฅ ๐‚๐จ๐ฆ๐ฆ๐ฎ๐ง๐ข๐ญ๐ฒ ๐๐š๐ง๐ค owns Robinhood's branded credit card accounts.

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