Big Wheels: Fifth Third enters auto ABS market with $1.6B deal
Deal marks the 6th bank securitization of 2023
Fifth Third is the latest bank to enter the auto asset-backed securities market as banks look to offload consumer debt as deposits shrink. The $1.6 billion prime deal, which closed last week and was upsized from $1.1 billion on investor demand, marks the Cincinnati-based bank’s first asset-backed securitization (ABS) since 2019. Fifth Third is the […]
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