GM and Fifth Third upsize amid auto surge
GM Financial priced the second subprime auto loan ABS deal from its AMCAR shelf this year, increasing the deal to $1.4bn, while Fifth Third Bancorp raised its auto ABS by $500m. A lack of supply in other securitization markets is helping subprime auto issuers find strong demand for their paper, but some non-bank lenders are being warned on their rampant growth.
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