trending Market Intelligence /marketintelligence/en/news-insights/trending/jbcimef6ws5owtbv8jkelg2 content esgSubNav
In This List

Consumer Portfolio Services closes asset-backed securitization

Blog

Insight Weekly: Fed's policy stance; overdrafts under scrutiny; energy stocks rally

Case Study

A Chinese Bank Strengthens its Credit Risk Assessments

Blog

Latin American and Caribbean Market Considerations Blog Series: Focus on LGD

BLOG

Banking Essentials Newsletter: June Edition


Consumer Portfolio Services closes asset-backed securitization

Consumer Portfolio Services Inc. has announced the closing of a financing backed by its residual interests in 17 previously issued securitizations.

Institutional buyers purchased $40.0 million of asset-backed notes secured by residual interests in 13 of the company's securitizations issued consecutively from September 2013 through December 2016 and by an 80% interest in an affiliate that owns the residual interests in four Consumer Portfolio Services securitizations issued in 2017.

The notes bear interest at an annual rate of 8.595% and the interest will be paid monthly.