One month after closing its debut consumer-loan securitization of 2016, OneMain Financial is returning with a second offering of $444.5 million in non-prime and subprime personal loans originated through its branch network.

OneMain Financial Issuance Trust 2016-2 will issue four tranches of 12-year notes totaling $395.6 million that are backed by 64,103 personal loans: $277.8 million of class A notes provisionally rated double-A by DBRS and Kroll Bond Rating Agency; a $48.2 million Class B tranche rated single-A; a $36.7 million Class C tranche rated triple-B; and a $32.9 million Class D tranche rated double-B.

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