CPS deal in market via WestLB

Last week, WestLB launched a $130 million subprime auto ABS for Consumer Portfolio Services, featuring a triple-A wrap from XL Capital Assurance.

This is WestLB's first term mandate for CPS, although the firm, which is sole lead and structurer on the deal, provided a warehouse line to CPS earlier this year, which was also wrapped by XLCA.