CPS closes $80 million asset-backed notes offering backed by residual interests

Reuters2026/08/18 17:38

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Consumer Portfolio Services closed an USD 80 million securitization of residual interests from previously issued securitizations.
A qualified institutional buyer purchased USD 80 million of asset-backed notes with a 10.25% coupon.
Collateral includes residual interests in four securitizations from April 2022 to April 2023.
Security package also includes an 80% interest in a majority-owned affiliate holding residual interests in securitizations from July 2023 to April 2026.
Proceeds repaid the higher-coupon residual interest financing notes issued in March 2024.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CPS - Consumer Portfolio Services Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608181338PRIMZONEFULLFEED9812187) on August 18, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

CPS closes $80 million asset-backed notes offering backed by residual interests

You may also like

Crypto prices