OneMain Finance Corp, founded in 1912 and headquartered in Evansville, Indiana, is a leading provider of personal loans and related financial services aimed at meeting the needs of consumers in the United States. The company specializes in offering secured and unsecured loans, credit cards, and debt management solutions, catering to a diverse clientele seeking accessible and flexible financing options.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
OneMain has a notable history of bond issuances, beginning in 2014 when it issued its debut asset-backed security, which aimed to enhance its funding capabilities. In recent years, the company has conducted multiple securitizations, with significant issuances in 2020 that fueled its lending growth amid the pandemic. As of October 2023, OneMain's bonds offer competitive yields compared to industry averages, reflecting strong demand and a robust credit profile, while certain bond offerings include features such as call options and fixed rates, allowing investors to capitalize on market fluctuations.