Nissan Motor Acceptance Corporation upsized its prime auto receivables securitization deal yesterday to $1.36 billion from $1 billion, on the back of strong investor demand.
Nissan’s deal, Nissan Auto Receivables 2013-A Owner Trust, grew its class A-1 note offering to $323 million from $237 million; the class A-2 offering grew to $435 million from $315 million; the class A-3 offering grew to $410 million from $306 million; and the class A-4 offering grew to $195million from $142 million, according to an updated prosepctus filed with the U.S. Securities and Exchange Commission Tuesday.
