World Omni Financial Corp. is making its annual trip to the securitization market with auto leases.

The $748.73 million World Omni Automobile Lease Securitization Trust 2016-A will issue an $89 million money market tranche and three classes of senior notes with preliminary ‘AAA’ ratings from Fitch Rating. All four tranches benefit from 17.65% credit enhancement. There is also a subordinate tranche provisionally rated ‘AA’ with 13.65% credit enhancement.

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