AmeriCredit Financial Services, the subprime lending subsidiary of General Motors Financial, priced an upsized offering of $1.2 billion of auto loan-backed securities.

AmeriCredit Automobile Receivables Trust 2015-3, originally sized at $1.0 billion, issued a $230 million money market tranche that pays 0.50% and three tranches with preliminary triple-A rating from Standard & Poor’s and Fitch Ratings:  two $199.7 million tranches with a weighted average life of 0.95 year pay 1.075% and Libor plus 51 basis points, while a $225.1 million tranche with a weighted average life of 2.11 years pays 1.55%.

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