Ally Bank is prepping $750 million of bond backed by loans and lines of credit to auto dealerships.

Ally Master Owner Trust will issue two tranches of notes, Series 2014-4 Class A-1 floating-rate notes and Series 2014-4 Class A-2 fixed-rate notes, both of which have preliminary 'AAA' rating from Standard & Poor's. A preliminary prospectus filed with the Securities and Exchange Commission today did not indicate the size of the individual tranches. However both have an expected maturity of June 2017 and a legal maturity of June 2019.

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