Consumer ABS

CarMax priced an upsized, $1 billion of notes backed by prime auto loans; the 3.72-year, AAA-rated class yields 40 basis points over swaps.

The certificates are backed by interest in 21 new Boeing aircrafts scheduled to be purchases by the airline.

These deals are seeing an increase because car sales are picking up, meaning that makers are loaning more to dealers.

Nissan Motor Acceptance Corp. (NMAC) is motoring into the primary market with a $1 billion deal backed by prime auto loans, according to a presale report by Fitch Ratings.

The slower pace of new issuance in consumer ABS, especially from the historically largest ABS issuers, leaves the market without benchmarks to base pricing on, according to a report by Wells Fargo.

The notes are backed by a portfolio of 13,229 Hilton Resorts deeded timeshare interests with an aggregate balance of $255.12 million.

Private student lenders have been pleading with their regulators for more flexibility as they wrestle with delinquent loans; they got an answer Thursday, but it wasn't what the one the industry had hoped for.

CarMax is planning its third auto loan securitization of the year, according to a regulatory filing.