OneMain Financial, the consumer lending business owned by Citigroup, is back with its third securitization of the year. It is backed by a portfolio of non-prime and subprime personal loans, according to DBRS.
The sponsor plans to offer $292 million of securities via One Main Financial Issuance Trust 2015-3. DBRS assigned a preliminary rating of 'AA' to the class A notes; 'BBB' to the class B notes; and 'BB' to the class C notes. All three tranches mature in November 2028.