GM prices first ABS since virus crash

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By Jennifer Kang
16 Apr 2020

GM Financial priced a $790m prime auto securitization on Thursday, the first issuer to break the silence in the market since Covid-19 halted primary flows in mid March.

The securitization market came to a complete stop in the second week of March, after virus fears spurred an unprecedented bout of volatility across financial markets. Deals in the pipeline were put on hold after Carvana, Westlake and First Investors managed to squeeze their transactions through ...

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