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BlackRock Plans to Sell Rated Bonds Backed by Prosper Loans

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BlackRock Inc. plans to sell the first rated securities backed by consumer loans arranged through Prosper Marketplace Inc. as investors seek to profit from debt created on the peer-to-peer platform.

About $281 million of the bonds may receive an investment grade of Baa3 from Moody’s Investors Service, while $45 million may be rated Ba3, the credit grader said Wednesday in an e-mailed statement. The debt is being issued by a vehicle called Consumer Credit Origination Loan Trust 2015-1 created by a unit of BlackRock on behalf of funds and accounts it manages.