Auto finance company AmeriCredit Corp. plans to offer $1.1 billion in asset-backed securities supported by car loans it made, a source close to the deal said on Monday.
Bond insurer Financial Security Assurance (FSA) will guarantee the notes’ timely principal and interest payments, the source said.
For this complete story, please visit AmeriCredit Plans to Offer $1.1 bln Car Loan ABS.
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