Auto issuers kick-start January ABS pipeline

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By Jennifer Kang
06 Jan 2021

Auto ABS issuers are opening up the 2021 pipeline with four deals of various size and quality, ranging from a subprime auto transaction from Arivo Acceptance to a prime loan deal from Santander. Subprime auto credit is expected to deteriorate in the next few months as loan extension programmes continue to expire.

Subprime auto lender First Investors Financials Services was the first to enter the pipeline in 2021. First Investors was recently acquired by private equity firm Gallatin Point Capital in December and the details of the transaction reveal the proceeds from the deal will go towards growing the ...

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