Consumer ABS

Regional banks like M&T Bank and Fifth Third Bank find that their relative inexperience in Auto ABS issuance is reflected in the wider spreads relative to more experience captive finance auto ABS issuers.

American Express priced an upsized offering of $777.77 million of five-year notes from its American Express Credit Account Master Trust, according to a regulatory filing.

A rebound in subprime auto loan securitization comes with the relaxation of lending standards by originators looking to fuel loan growth.

Vornado Realty Trust (VNO) may soon look to dispose of its J.C. Penny and Lexingto Realty Trust holdings, in a move that would simplify the real estate investment trusts’s non-core holdings said Fitch Ratings.

Two subprime auto deals for a combined $477 million are slated to close next week, according to pre-sales from Standard & Poor’s.

The Royal Bank of Canada lined up a new securitization backed by a pool of credit card receivables , according to a Moody's Investors Service presale report.

Sallie Mae plans to inject the primary pipeline with a $624 million dose of private student loan-backed securitization, following up on its FFLEP-backed student loan ABS issued last week.

Citigroup is back in the market with three as-yet unsized offerings of notes backed by credit card receiveables.

Leaf Capital Funding will issue a $324.98 million equipement lased asset backed securitization called Leaf Receivables Funding 9, according to a Moody’s Investors Service presale report.