Springleaf Finance is in the market with $2.62 billion of bonds backed by consumer loans, according to a presale report published by Kroll Bond Rating Agency.

SpringCastle Funding Asset-Backed Notes 2014-A is the sponsor’s second deal of the year and the first backed by loans acquired from HSBC Finance Corp. in April 2013. The transaction consists of five classes: the $1.6 billion class A has a preliminary ‘AA’ rating and a stated maturity of 2023; the $427 million, ‘A’ rated class B matures in 2027; the $331.2 million, ‘BBB’ rated class C matures in 2033; the $199.8 million, ‘BB’ rated class D matures in 2034 and the $61.5 million, ‘B’ rated class D matures in 2035.

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