Consumer Portfolio Services (CPSS) said Monday it closed an asset-backed securitization transaction, under which institutional buyers purchased $418.3 million of notes backed by $433.5 million in automobile receivables originated by the company.
The notes, issued by CPS Auto Receivable Trust 2025-C, comprise five classes. The weighted average coupon rate on the notes is around 5.4%, according to the company..
The transaction has initial credit enhancement comprising a cash deposit equivalent to 1% of the original receivable pool balance and overcollateralization of 3.5%, the company said.
Shares were down 1.4% in recent trading.
Price: 8.98, Change: -0.12, Percent Change: -1.36
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。