AmeriCredit Financial Services, a unit of General Motors, is marketing $1 billion of bonds backed by subprime auto loan receivables, according to Standard & Poor’s.

AmeriCredit Automobile Receivables Trust 2014-4 will issue seven tranches of notes, including a $182 million money market tranche and two tranches with preliminary ‘AAA’ ratings from S&P: $332 million maturing in April 2018, $198 million maturing in July 2019.

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