Santander subprime auto launched cheaper

By Ryan Bolger
15 Apr 2015

Santander Consumer USA’s latest subprime auto ABS deal was launched on Wednesday, at higher yields than its last issuance.

Investors following the transaction earlier this week said the paper was coming a lot cheaper than previous issuance in auto ABS and other asset classes with comparable risk profiles but longer terms.

The new issuance was launched at a yield of 0.45% for the Class A-1 notes which ...

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