Ford Credit Auto Owner Trust (FORDO) 2023-A

ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
A-1USD300.0000.24-A-1+F1+----FixedI-Curve45-50405.028%5.028%100.00000
A-2aUSD359.0001.05-AAAAAA----FixedI-Curve80-85725.14%5.199%99.99661
A-2bUSD235.0001.05-AAAAAA----FloatingSOFR80-8572SOFR+72-100.00000
A-3USD510.0002.43-AAAAAA----FixedI-Curve85-90754.65%4.700%99.98957
A-4USD96.0003.57-AAAAAA----FixedI-Curve95-100834.56%4.613%99.96966
BUSD47.3303.63-AA+AA+----FixedI-Curve135-1401355.07%5.127%99.99004
CUSD31.6103.63-AA-A+----FixedI-Curve175-1801805.51%5.577%99.98949
Filings
Tranche Comments
A-1: First Pay: 2023-04-17; Registration: Registered; A-2a: First Pay: 2023-04-17; Registration: Registered; A-2b: First Pay: 2023-04-17; Registration: Registered; A-3: First Pay: 2023-04-17; Registration: Registered; A-4: First Pay: 2023-04-17; Registration: Registered; B: First Pay: 2023-04-17; Registration: Registered; C: First Pay: 2023-04-17; Registration: Registered;
Deal Comments
The deal was upsized from US$1.3bn to US$1.578bn. Active Bookrunners: BNP (B&D), DEU, MIZ. Passive Bookrunners: BRC, SCO
Risk Retention
US - Yes, EU - No
Pricing Speed
1.3% ABS to 10% Clean Up Call
Research
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