Optimus Corp., through its wholly owned subsidiary AmeriFirst Home Improvement Co., entered the term ABS market last week with an $81 million deal backed by subprime home improvement loans. The deal was led by investment bank Harris Nesbitt Burns.

Moody's Investors Service assigned a provisional Aaa' rating to the twelve-year, single-tranche deal, thanks to a full XLCA wrap. The deal had yet to price as of press time, but talked in the 30 basis point area over one-month Libor. An official from Harris Nesbitt did not return calls by press time.

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