Hyundai Auto Receivables Trust 2021-A has submitted an ABS-EE form to the Securities and Exchange Commission (SEC). This filing is significant as it indicates the company’s intention to offer asset-backed securities to investors. By issuing these securities, Hyundai Auto Receivables Trust 2021-A can raise funds by using its auto receivables as collateral. This can provide the company with additional liquidity to support its operations and growth strategies.
Hyundai Auto Receivables Trust 2021-A is a trust established by Hyundai Motor Finance Company to securitize auto loan receivables. The trust issues asset-backed securities that are backed by the cash flows from these receivables. Investors in these securities receive payments based on the performance of the underlying auto loans. This filing provides transparency to investors and regulators regarding the structure and terms of the asset-backed securities being offered by the trust.
The ABS-EE form filed by Hyundai Auto Receivables Trust 2021-A is a type of filing used by issuers of asset-backed securities to register offerings under the Securities Act of 1933. This form provides detailed information about the securities being offered, including the structure of the transaction, the credit quality of the underlying assets, and the terms and conditions of the securities. Investors can use this information to make informed decisions about whether to invest in the asset-backed securities being offered by the trust.
For more information about Hyundai Auto Receivables Trust 2021-A, please visit their website.
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Hyundai Auto Receivables Trust 2021-A Files Form ABS-EE with the SEC
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