The New York-based ABS term group at Westdeutsche Landesbank Girozentrale (West LB) recently brought first-time issuer SeaWest Financial Corp. to market, in a $71.4 million securitization backed by subprime auto loans.

This is the West LB's first visible term deal since it formed a U.S.-based term origination team last year, following a seven-member migration from Rothschild, Inc.

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