Bubble talks not expected to burst AmeriCredit's new deal

By Ryan Bolger
14 Jan 2015

GM Financial’s subprime auto ABS issuance by AmeriCredit Financial Services was priced at 50bp over swaps on Wednesday. Demand for the notes should be high, in spite of the latest round of subprime auto bubble predictions, market participants reckon.

“People have no trouble buying [subprime auto ABS],” an ABS head at a West Coast brokerage said. “I think we saw during the last cycle that people pay their car loans

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