OneMain upsizes consumer loan ABS

By Ryan Bolger
28 Jan 2015

Citigroup subsidiary OneMain Financial launched its first consumer loan securitization of the year on Wednesday, upsizing the deal from to $1.229bn from its initial target of $737.5m.

Most of the increase was for the senior tranche which now totals $899m. The top class was priced at 210bp over swaps, within guidance. Standard & Poor’s assigned the senior notes a preliminary single-A rating.

The notes are backed by 126,438 loans with an average principal balance of ...

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