Robinhood Weighs Its First Sale of Card Receivables-Backed Bond

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. Robinhood did not immediately reply to PYMNTS’ request for comment.