Ally Financial filed an S-3 with the Securities and Exchange Commission (SEC) to issue under its Capital Auto Receivables trust.  

The deal will be backed by fixed-rate retail motor vehicle instalment sales contracts and direct purchase money loans utilized to fund the purchase of new and used cars and light trucks, according to the SEC filing.

For a full copy of the S-3, please click this link.

Meanwhile, Ally Bank has priced its originally $500 million auto floorplan transaction under its Ally Master Owner Trust Series 2011-1. The transaction was upsized to $1.25 billion.

The underwriters for the offering were Bank of America Merrill Lynch, Credit Suisse and Deutsche Bank Securities.

The deal's $750 million portion that matures in 2.99 years priced at 87 basis points over the benchmark swap rate, according to a Bloomberg report.





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