Santander Consumer Acquired Receivables Trust is raising $526.58 million in a bond issue, The Wall Street Journal reports. The asset-backed bond will be sold via the private rule 144a market. The bond has four tranches, including $180.15 million that is due to mature in 1.72 years and $166.29 million due to mature in 1.55 years. Citigroup will be the sole lead manager on the deal.
Click here for the story from The Wall Street Journal.