Nissan Motor Acceptance Corporation upsized its prime auto receivables securitization deal yesterday to $1.36 billion from $1 billion, on the back of strong investor demand.

Nissan’s deal, Nissan Auto Receivables 2013-A Owner Trust, grew its class A-1 note offering to $323 million from $237 million; the class A-2 offering grew to $435 million from $315 million; the class A-3 offering grew to $410 million from $306 million; and the class A-4 offering grew to $195million from $142 million, according to an updated prosepctus filed with the U.S. Securities and Exchange Commission Tuesday.

Fitch Ratings rated all tranches of the deal ‘AAA’. Citigroup, HSBC and Societe Generale are lead underwriters on the deal, which is expected to close Jan. 16.

 

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