Nissan Motor Acceptance Corp. is out of the starting blocks in 2016 with a $1 billion auto loan securitization in its first deal of the year.

The structure of the Nissan Auto Receivables 2016-A Trust (NAROT) is divided among five tranches, and will be backed from loans originated and serviced by NMAC for new and used Nissan and Infinity cars and light-duty Nissan trucks.

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