DriveTime Subprime Targets 55-60 Spread on AAAs
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DriveTime Subprime Targets 55-60 Spread on AAAs

Longtime subprime auto player DriveTime Car Sales Company is hitting the subprime auto market this week with a $247.2 million, fixed-rate asset-backed securities offering, which is targeting a spread of 55-60 basis points over EDSF for its AAAs.

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