First Help Financial debuts in rated ABS with subprime auto deal

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By Jennifer Kang
09 Jul 2020

Private subprime auto issuer First Help Financial (FHF) is preparing a $143m securitization backed by retail automobile contracts with subprime borrowers.

There has been no shortage of subprime auto securitizations even during the Covid-19 era, but no first-time issuer has yet been able to do a deal, given that investors are wary of newcomers at times of market volatility.

However, Massachusetts-based FHF filed an ABS-15G with the Securities ...

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