Citi sub marketing ABS amid its own sale
Citigroup subsidiary OneMain Financial is marketing its first securitization of the year, a $737.5m deal backed by nonprime and subprime consumer loans.
Citigroup is believed to be in the process of selling off OneMain to potential suitors including Apollo Global Management and Springleaf Holdings, as part of the global bank’s effort to focus more on its core operations.Four tranches of notes are to pay fixed interest rates to investors in ...
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