OneMain Financial issues $600M ABS deal

The transaction is the issuer’s first deal in 2021, backed by subprime auto loans

© Can Stock Photo / Feverpitched

Subprime lender OneMain Financial has issued its first asset-backed securities (ABS) deal of the year, a $600 million transaction backed by subprime and nonprime auto loans originated through its direct channels. The issuance is the lender’s sixth securitization of its direct auto portfolio. OneMain last issued a $736.9 million ABS deal in 2019 and first […]

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