Consumer ABS

Citigroup priced its Citiseries Class 2013-A3 and Class 2013-A4 notes today. The bank is also marketing a $900 million single-tranche offering of floating-rate Class 2013-A5 notes from the same trust.

July was the most active month for timeshare ABS issuance with close to $600 million of new paper pricing. With $1.3 billion of issuance year-to-date, 2013 is on pace to match the $2.3 billion sold in 2012.

Lowered fixed-income allocations will continue to pressure on structured finance credit spreads in the medium term, said Standard & Poor’s today.

Fifth Third Bank is marketing its second securitization of 2013, a $1 billion transaction backed by prime auto loans.

Ally Financial lined up its third 2013 subprime auto asset backed securitization called Capital Auto Receivables 2013-3.

Citigroup plans to issue two credit card receivables securitications from its Citibank Credit Card Issuance Trust,

AmeriCredit priced its $877 million subprime auto ABS deal at tighter levels than Santander Drive Auto Receivables Trust 2013-4, the last subprime auto to come to market.

Kentucky Higher Education Student Loan Corp. is planning a $563 million securitization of federally-guaranteed student loans, according to a presale report from Standard and Poor's.

The hunting, fishing and camping retailer Cabela plans to issue $291.75 million of asset-backed notes from its credit card master note trust, according to Standard & Poor’s.

MassMutual Asset Finance plans to issue a $732.9 million equipment loan and lease ABS.