Tricolor Auto issues $212M social ABS deal

The social bond is the first of its kind in auto lending

© Can Stock Photo / meepoohyaphoto

Tricolor Auto Acceptance on Friday issued its first asset-backed securities (ABS) social bond, a $212 million transaction backed by auto loans for thin- and no-file borrowers. The Dallas-based lender, which leverages artificial intelligence and machine learning to serve thin- and no-file Hispanic consumers, will use the funds to grow its platform and provide underserved Hispanic […]

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