Citigroup’s One Main to sell $1.2bn subprime loan deal

By Matthew Scully
18 Jul 2014

Citigroup’s One Main Financial is expected to sell next week a $1.2bn subprime consumer loan ABS, which would be over twice the size of its debut deal earlier this year. At least three other asset-backed securities are also lining up to be sold next week.

Citigroup’s personal lending arm One Main is expected to announce the $1.2bn deal on Monday, its second deal after its debut in April. The transaction structure will include a 2.5 year class A tranche sized to $875m.

The deal includes three tranches below the senior piece ...

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