Santander injects $480M into ABS market
Santander Consumer USA is bringing $480.8 million of subprime auto loans to the asset-backed securitization market in a deal expected ...
Tag: asset backed securities
American Credit Acceptance faces pressure in ABS deal
American Credit Acceptance’s latest subprime asset-backed securitization provides a glimpse into the pricing pressure lenders face when leveraging capital markets ...
Ford Credit ABS increases excess spread to pad losses
Ford Motor Credit increased its excess spread by 42 basis points in its latest asset-backed securitization issued this week, according ...
Harley-Davidson restructures to preserve cash
COVID-19 has “dramatically changed” Harley-Davidson’s business and strategic plan, said Jochen Zeitz, acting president and CEO of the motorcycle manufacturer, ...
Cost of funds rise for HCA as access to capital shrinks
Hyundai Capital America’s lack of diverse funding sources could limit the captive’s financial flexibility as the cost for debt funding ...
Prime issuers inject $3.6B into ABS market
The auto asset-backed securities market has seen a revival in the last week after nearly a month of no new ...
BMW to ‘safeguard’ captive liquidity as COVID-19 drops volumes
BMW Group’s global finance structure and diversified funding sources insulate BMW Financial Services from potential liquidity concerns brought on by ...
TALF-backed auto ABS deals unlikely until Q3
The auto industry might not see its first securitization backed by the Federal Reserve’s term asset-backed loan facility (TALF) until ...
