NEW YORK, May 9 (Reuters) - Onyx Acceptance Corp. on Friday sold $400 million of asset-backed securities supported by auto loans, market sources said.
Merrill Lynch and Credit Suisse First Boston co-led the deal.
The following are the terms and conditions of "Onyx Acceptance Owners Trust 2003-B:"
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Class A1
Issue Amount $74.8 million
Average Life 0.33 year
Spread Four-month Libor - 3 bp
Yield 1.250 percent
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