GM Financial, the captive auto financing arm of General Motors, plans to securitize $1 billion of auto lease receivables, the issuer’s third such deal, according to Fitch Ratings.

Issued under the GM Financial Automobile Leasing Trust, the series 2015-1 transaction is backed by a pool of retail closed-end vehicle leases made to prime and non-prime borrowers, all of which finance new GM affiliated brand vehicles.

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