On Wednesday, Tricolor announced its fourth social bond — a $277 million issuance — designed to cater to underserved, low-income Hispanic communities and provide access to auto financing.

The award-winning fintech company that leverages artificial intelligence to successfully underwrite and extend contracts to credit invisible customers said JPMorgan acted as the lead structuring agent with Barclays serving as joint bookrunner and Fifth Third Securities as co-manager.

Tricolor mentioned the Class A, Class B, Class C, Class D, Class E, and Class F were rated by Kroll Bond Rating Agency and Moody’s and were placed with a diversified mix of 27 institutional investors in a private offering pursuant to Rule 144A under the Securities Act of 1933, as amended.

The company noted the transaction was oversubscribed by nearly 6.5 times on available classes, and the Class E and Class F tranches were pre-placed.

“For more than 16 years, Tricolor has developed leading technology alongside a best practice discipline to help America’s most underserved communities overcome systemic financial and mobility challenges,” Tricolor founder and CEO Daniel Chu said in a news release.

“Investors are increasingly embracing double-bottom line models like ours that provide both meaningful value for customers and consistent returns over time. We will continue to aggressively scale in support of our mission to help our customers achieve their American Dream,” Chu continued.

The Tricolor Social Bond is collateralized with contracts that provide access to financing the purchase of a vehicle to low-income borrowers with no FICO score.

Tricolor has secured a second party opinion (SPO) from S&P Global Ratings to provide an opinion on the social benefits of this framework as well as the alignment to the International Capital Markets Association (ICMA) Social Bond Principles.

Tricolor said it has now completed 13 ABS transactions and is the only issuer in all of subprime auto ABS to be certified by the US Treasury as a Community Development Financial Institution (CDFI).

The company issued its first securitization in July 2013.