Ally Bank issued $585 million of floating rate asset backed notes from its dealer floorplan master owner trust.

The deal, Series 2013-2, is backed by a revolving pool of receivables arising from floorplan financing agreements between Ally Bank and retail auto dealers (primarily General Motors Co. and Chrysler Group LLC) to finance their inventory of new and used autos and light- and medium-duty trucks and vans, according to a Standard & Poor’s presale report.

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