New Issue-United PamAm prices $420 million auto ABS

Newswire

NEW YORK, Sept 15 (Reuters) - United PanAm Financial Corp. on Wednesday priced $420 million in asset-backed securities supported by car loans it issued or acquired, a source close to the deal said on Wednesday.

Deutsche Bank Securities arranged the transaction, the source said.

United PanAm, based in Newport Beach, California, is the parent of Pan American Bank FSB, the biggest Hispanic-controlled savings bank in California.

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