GM Financial, the captive auto-financing arm of General Motors, sold all but the class A2 notes of its sophomore auto lease securitization at wider spreads relative to its inaugural deal completed in March.

The $1 billion Series 2015-2 transaction is backed by a pool of retail closed-end vehicle leases made to prime and non-prime borrowers, all of which finance new GM affiliated brand vehicles. J.P. Morgan is the lead underwriter.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.