Santander is marketing another $794.12 million subprime auto loan securitization.

S&P has assigned a preliminary ‘AAA’ to three tranches of senior notes to be issued by Santander Drive Auto Receivables Trust 2015-5; a fixed-rate tranche and a floating rate tranche totaling $225 million that mature in December 2018 and an $89.61 million fixed-rate tranche maturing in September 2019.

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.