Santander Consumer USA priced the senior notes from its fifth subprime auto loan securitization of the year several basis points tighter than its previous deal, according to a pricing document.

The one-year, fixed-rate and floating-rate senior bonds priced at a spread of 40 basis points over the Eurodollar synthetic forward curve (EDSF) and 40 basis points over the one-month Libor, respectively; that's 8 basis points wider than the equivalent tranches of the issuer's September transaction.

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