Santander Consumer’s UK operation is securitizing its first batch of British auto loan originations in over 18 months.

Motor 2016-1 PLC is a pooling of 95,077 standard UK consumer conditional sale agreements with a total principal balance of £647.5 million, structured in a six-class bond structure that includes ‘AAA’-rated senior notes, according to a presale report from Standard & Poor’s. The tranche sizes of the notes are to be determined.

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