WASHINGTON--(BUSINESS WIRE)--May 12, 2025--
MPOWER Financing ("MPOWER"), a mission-driven fintech firm and the leader in international student financing, today announced the completion of its second securitization, MPOWER Education Trust 2025-A ("MPOWR 2025-A"). The $313.2 million collateral pool is composed of U.S. dollar-denominated, fixed-rate loans made to international students attending leading American and Canadian universities.
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The securitization size exceeds MPOWER’s inaugural securitization of $215.2 million in 2024, and allows MPOWER to continue to scale loans issued primarily to graduate international students at more than 500 leading colleges and universities across the United States and Canada.
Key deal elements:
MPOWR 2025-A consisted of three tranches of notes. Morningstar DBRS (“DBRS”) & Kroll Bond Rating Agency (“KBRA”) rated the Class A Notes ‘A’(sf)/‘A’(sf), respectively. DBRS rated the Class B Notes ‘BBB’(sf) and Class C Notes and ‘BB(low)’(sf). The securitization’s investors include blue-chip names spanning asset management, pension plans, and insurance funds.
Strong demand amid a shifting landscape
International graduate students continue seeking educational opportunities in the U.S. and Canada. Advanced degrees in STEM, AI, business, and healthcare remain highly sought-after by employers.
“MPOWER is proud to be at the forefront of ensuring that the best and brightest students—from across the globe—have access to the financing they need to realize their educational dreams,” said Manu Smadja, Chief Executive Officer of MPOWER. “Investors recognize the value of this diverse student segment: ambitious, resilient, and contributing to the global economy in critical sectors like STEM and new paradigms driving business, such as AI. By supporting them, we are strengthening our business model and fueling innovation and economic growth in North America.”
“This securitization speaks to the growing demand for high-quality student financing,” said Jatin Rajput, MPOWER’s Chief Financial Officer. “Our loans are fixed-rate, generate cash flow even while students are still in school, and are disbursed directly to universities. That structure reduces risk and gives investors the transparency and predictability they seek. Our second securitization further validates our status as a repeat issuer and underscores the demand for international student loans as an asset class among institutional investors.”
About MPOWER Financing
MPOWER Financing, headquartered in Washington, D.C., and with employees worldwide, is a mission-driven fintech company and the leading provider of global education loans. Its proprietary algorithm analyzes overseas and domestic credit data as well as future earning potential to serve promising international students. MPOWER works with over 500 top universities across the U.S. and Canada to provide financing to students from over 200 countries. For more information, visit www.mpowerfinancing.com.
Deutsche Bank Securities Inc. served as the Structuring Agent and Joint Bookrunner, with Goldman Sachs & Co. LLC as Joint Bookrunner.
KYIV, Ukraine (AP) — Russia launched a second major drone and missile bombardment of Ukraine in four days, officials said Tuesday, aiming again at the power grid amid freezing temperatures in an apparent snub to U.S.-led peace efforts as Moscow's invasion of its neighbor approaches the four-year mark.
Russia fired almost 300 drones, 18 ballistic missiles and seven cruise missiles at eight regions overnight, Ukrainian President Volodymyr Zelenskyy said on social media.
One strike in the northeastern Kharkiv region killed four people at a mail depot, and several hundred thousand households were without power in the Kyiv region, Zelenskyy said.
The daytime temperature in Kyiv, which has endured freezing temperatures for more than two weeks, was minus 12 degrees C (about 10 degrees F), with streets covered in ice and the rumble of generators heard throughout the capital.
Kyiv has grappled with severe power shortages for days, although Mayor Vitali Klitschko said Monday night's strikes caused the biggest electrical outage the city has faced so far.
More than 500 residential buildings remained without central heating Tuesday. Throughout the city, bare trees were weighed down with icicles and snow was piled up next to sidewalks.
To cope, friends and relatives gathered in those apartments that have power or hot water, at least temporarily. They charge their phones, take hot showers, or share a warm drink.
Klitschko ordered the city to provide one hot meal per day to needy residents. He also announced that workers in the city’s water, heating and road maintenance services would receive bonuses for working “day and night” to restore critical infrastructure.
Four days earlier, Russia also sent hundreds of drones and dozens of missiles in a large-scale overnight attack and, for only the second time in the war, it used a powerful new hypersonic missile that struck western Ukraine in what appeared to be a clear warning to Kyiv’s NATO allies that it won’t back down.
On Monday, the U.S. accused Russia of a “ dangerous and inexplicable escalation ” of the fighting at a time when the Trump administration is trying to advance peace negotiations.
Tammy Bruce, the U.S. deputy ambassador to the United Nations, told an emergency meeting of the U.N. Security Council that Washington deplores “the staggering number of casualties” in the conflict and condemns Russia’s intensifying attacks on energy and other infrastructure.
Russia has sought to deny Ukrainian civilians heat and running water in winter over the course of the war, hoping to wear down public resistance to Moscow’s full-scale invasion, which began on Feb. 24, 2022. Ukrainian officials describe the strategy as “weaponizing winter.”
The attack in Ukraine’s Kharkiv region also wounded 10 people, local authorities said.
In the southern city of Odesa, six people were wounded in the attack, said Oleh Kiper, the head of the regional military administration. The strikes damaged energy infrastructure, a hospital, a kindergarten, an educational facility and a number of residential buildings, he said.
Zelenskyy said Ukraine is counting on quicker deliveries of agreed upon air defense systems from the U.S. and Europe, as well as new pledges of aid to counter Russia’s latest onslaught.
Meanwhile, Russian air defenses shot down 11 Ukrainian drones overnight, Russia’s Defese Ministry said Tuesday. Seven were reportedly destroyed over Russia’s Rostov region, where Gov. Yuri Slyusar confirmed an attack on the coastal city of Taganrog, about 40 kilometers (about 24 miles) east of the Ukrainian border, in Kyiv's latest long-range attack on Russian war-related facilities.
Ukraine’s military said its drones hit a drone manufacturing facility in Taganrog. The Atlant Aero plant designs, manufactures and tests Molniya drones and components for Orion unmanned aerial vehicles, according to the General Staff of the Armed Forces of Ukraine. Explosions and a fire were reported at the site, with damage to production buildings confirmed, the General Staff said.
It wasn't possible to independently verify the reports.
Katie Marie Davies in Manchester, England, contributed.
Follow AP’s coverage of the war in Ukraine at https://apnews.com/hub/russia-ukraine
In this photo provided by the Ukrainian Emergency Service, emergency services personnel work to extinguish a fire following a Russian attack in Kharkiv, Ukraine, Tuesday, Jan. 13, 2026. (Ukrainian Emergency Service via AP)
In this photo provided by the Ukrainian Emergency Service, emergency services personnel work to extinguish a fire following a Russian attack in Kharkiv, Ukraine, Tuesday, Jan. 13, 2026. (Ukrainian Emergency Service via AP)
In this photo provided by the Ukrainian Emergency Service, emergency services personnel work to extinguish a fire following a Russian attack in Kharkiv, Ukraine, Tuesday, Jan. 13, 2026. (Ukrainian Emergency Service via AP)
In this photo provided by the Ukrainian Emergency Service, emergency services personnel work to extinguish a fire following a Russian attack in Kharkiv, Ukraine, Tuesday, Jan. 13, 2026. (Ukrainian Emergency Service via AP)
In this photo provided by the Ukrainian Emergency Service, emergency services personnel work to extinguish a fire following a Russian attack in Kyiv region, Ukraine, Tuesday, Jan. 13, 2026. (Ukrainian Emergency Service via AP)
