AmeriCredit Corp. (ACF) Thursday revealed the pricing of a $600 million offering of automobile receivables-backed securities. AmeriCredit uses net proceeds from securitization transactions to provide long-term financing of its receivables. The 2010-1 transaction would have initial credit enhancement of 15.00%, consisting of a 2.00% cash deposit and 13.00% overcollateralization. Total required enhancement will build to 23.25% of the then-outstanding receivable pool balance, which includes the initial 2.00% cash deposit.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.