Consumer ABS

Santander Consumer Bank pre-placed its Svensk Autofinans 1— the first Swedish securitization of 2012.

ABS East 2012, organized by Information Management Network (IMN), is on track to be a little bigger and more upbeat than last year’s conference.

PHH Corp and Automotive Rentals, Inc. are in the market in the market with securitizations of fleet lease backed notes sized at $450 million and a $419mn respectively.

Increased new issue volumes and near record lows in the consumer ABS spreads have led to slightly wider spreads in both the primary and secondary markets, according to two securitization market reports.

A buoyant primary market in securitizations in the auto sector could fuel a 47% annual growth in issuance in 2012, said Standard & Poor’s.

Two equipment trust deals from Macquarie Equipment Finance and General Electric Capital Corp. will add $257.6 million and $714.6mln respectively to the ABS primary pipeline this week.

Moody’s Investors Service said Monday that it had given a provisional rating of ‘Aaa (sf)’ to roughly $750 million in a Nissan auto securitization.

Financity Corporation completed the first trade receivables securitization in the Colombian market,for Coltejer S.A., the financing company said today in a press release.

The U.S. Commodity Futures Trading Commission yesterday said that certain securitization structures would be eligible for exclusion from commodity pool regulation.