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Report: Jefferies mulls underwriting bond deal backed by LendingClub loans

Jefferies GroupLLC is in preliminary discussions with investors to determine theirinterest in buying securities backed by LendingClub Corp. consumer loans, Bloomberg News reported,citing "people with knowledge of the matter."

Jefferies had been looking to packageabout $150 million ofLendingClub loans into bonds for investor sales in May. Butthe investment bank backed out after disclosure at the online lender.

The latest bond deal size has not been determined and thereis no guarantee that the investment bank will proceed with the sale, Bloombergsaid.

Another marketplace lender, , which recentlyclosed a bondoffering, hired Deutsche Bank AG to underwrite a $575 million securitization, "aperson with knowledge of the plans" told Bloomberg.