GM Financial, the captive auto financing arm of General Motors, plans to securitize $1 billion of auto lease receivables, the issuer’s second deal this year, according to Standard & Poor’s.

The Series 2015-2 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. J.P. Morgan is the lead underwriter.

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