ABS

Deals Line up Ahead of Nov. 3 TALF Deadline

Published Updated 2 Min Read

Several deals made the round today that include eligible collateral under Federal Reserve’s TALF.

The next loan application deadline for the consumer loan-backed portion of the program is Nov. 3.

Bank of America Trust has a $2.2 billion auto ABS deal under in Bank of America Auto Trust 2009-3.

GMAC‘s Ally Bank has a $824.8 million prime auto loan-backed deal that is also eligible for TALF. Leads on the deal, Ally Auto Receivables Trust 2009-B, are Barclays Capital, JPMorgan Securities and RBS.

General Electric Capital Corp. has a $552.6 million TALF-eligible auto ABS under its GE Dealer Floorplan MNT Series 2009-2. The deal is led by RBS Securities.

Great American Leasing Corp. also has a $459.8 million equipment lease deal that is eligible for the program. The deal is managed by Bank of America Merrill Lynch and Wells Fargo.

CNH Capital America has its $824.8 million equipment lease deal that investors can tap under TALF. The deal , CNH Equipment Trust 2009-C is managed by Bank of America Merrill Lynch and BNP Paribas.

General Electric Small Ticket has a $654.2 million TALF-eligible deal, called GEEST 2009-1. Joint leads on the bond are Barclays and Bank of America.

Americredit has a $227.49 million deal dubbed APART 09-1, backed by auto loans. Joint leads on the TALF-eligible deal are JPMorgan, RBS and Wells Fargo.


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