Consumer Portfolio Services priced $273 million of securities backed by subprime auto loan receivables.

Citigroup, the lead underwriter on the deal, sold the class A notes, rated a ‘AA-’ by S&P and ‘AAA’ by DBRS, at a spread ten basis points narrower than initial guidance. The notes, due Feb. 15, 2019, priced at 85 basis points over the Eurodollar synthetic forward, according to an Interactive Data report.

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