Hyundai Auto Receivables Trust 2020-A, a subsidiary of Hyundai Motor Company, recently filed an ABS-EE form with the Securities and Exchange Commission. This filing is significant as it indicates the company’s intention to securitize a pool of auto loan receivables. By issuing asset-backed securities, Hyundai Auto Receivables Trust 2020-A aims to raise funds by selling these securities to investors, with the underlying auto loan receivables serving as collateral.
Hyundai Motor Company is a South Korean multinational automotive manufacturer headquartered in Seoul. As one of the largest automobile manufacturers in the world, Hyundai has a diverse portfolio of vehicles ranging from economy cars to luxury models. The company has a strong presence in the global automotive market, with a focus on innovation and sustainability. For more information about Hyundai Motor Company, visit their website at https://www.hyundai.com.
The ABS-EE form filed by Hyundai Auto Receivables Trust 2020-A falls under the category of asset-backed securities offerings. This form is used by issuers to register offerings of asset-backed securities pursuant to the Securities Act of 1933. The filing provides detailed information about the securities being offered, the structure of the transaction, and the underlying assets that back the securities. Investors and regulatory authorities use this information to assess the risks and rewards associated with investing in the asset-backed securities.
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Hyundai Auto Receivables Trust 2020-A (0001808575) Files ABS-EE Form with SEC
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