ABS

TALF-Eligible ABS Deals Surface for the Next Round

Published June 30, 2009 12:03 PM EDT 1 Min Read

Discover Bank is in the market with a $1 billion Term ABS Loan Facility (TALF)-eligible credit card deal. Barclays Capital and Deutsche Bank Securities are leading the transaction.

Co-managers on the offering are Banc of America Securities, Citigroup Global Markets, RBS Securities, JPMorgan Securities and Credit Suisse.

Meanwhile, the auto sector has AmeriCredit in the market with a $725 million auto securitization.

Deutsche and Credit Suisse are lead managing the TALF-eligible deal.

Preliminary details on both deals are available via the link below from the ASR Scorecard database.

For reprint and licensing requests for this article, click here.

ABS

More From Asset Securitization Report

Auto ABS

Carvana’s latest auto ABS raises $1.1 billion

S&P sets an estimated cumulative net loss of 2.85% for the CRVNA 2026-P2 notes, unchanged from the CRVNA 2026-P1, because the collateral characteristics were unchanged.

By Donna Mitchell

Editor

Financial Planning

May 14

Securitization

First Help’s pool of subprime auto loans backs $326.8 million ABS deal

Analysts expect the pool to be composed of receivables primarily from franchise dealers that offer indirect financing to consumers often overlooked by traditional financing sources such as banks.

By Donna Mitchell

Editor

Financial Planning

April 16

Prime auto ABS

GMCAR set to issue securitization backed by prime retail auto

Loans with original terms longer than 60 months now represent 71.7% of the pool, up from 70.4% in the prior deal.

By Karen Sibayan

April 7

Esoteric ABS

Perseus readies $680.1 million aircraft ABS deal

By aircraft value, Fitch says 6% are leased to credits considered investment grade, while the weighted average rating by Fitch Value ranges between 'B' and 'B-'.

By Donna Mitchell

Editor

Financial Planning

January 19

Prime auto ABS

General Motors raises $1 billion in prime auto ABS

Initially, all the class A notes will benefit from total hard credit enhancement that represents 6.10% of the note balance, and the components give the notes a strong credit boost.

By Donna Mitchell

Editor

Financial Planning

January 5