Ally Bank is going to issue a $1 billion auto transaction under its Ally Auto Receivables Trust 2012-2. For the Securities and Exchange Commission filing related to the deal, please click here.

Bank of America Merrill Lynch, Credit Agricole Securities and Royal Bank of Scotland are the underwriters on the transaction.

The Class A notes, aside from the Class A-1 notes, are rated rated triple-A by both Moody's Investors Service and Fitch Ratings.

The deal's Class A-1 notes are rated 'F1+sf' and 'P-1 (sf)'  by Fitch and Moody's, respectively 

Edsouth will be selling its deal called Edsouth Indenture No. 2, LLC Series 2012-1. The 2012-1
notes will be issued pursuant to a discrete trust indenture dated March 1.  The deal is worth $393 million and the underwriters are Morgan Stanley and BMO Capital Markets.

The collateral securing notes comprises FFELP student loans. Of the collateral pool, 32% consists of FFELP
rehabilitation loans, according to a Fitch Ratings presale report.

Other issuers with deals likely pricing next week are Volvo's $642 million equipment ABS and Macquarie Group's $500 million auto transaction, according to Bloomberg.

 

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