Hyundai Capital America is marketing its second securitization of the year of leases on new Hyundai and Kia vehicles. The $1.12 billion transaction is the 12th overall for Hyundai Capital (which has a ‘Baa1’ investment grade rating from Moody’s).

The capital stack includes a $142.5 million, one-year money market tranche rated A-1 by Moody’s;  a split tranche of fixed- and floating-rate senior notes due December 2019 totaling $375 million; a three-year, Class A-3 notes tranche sized at $325 million; and an $85.07 million Class A-4 tranche due 2021. All of the class A notes are triple-A rated by Moody’s.  

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