Approximately $6 billion in consumer-loan-backed ABS participate in the Term ABS Loan Facility's (TALF) November subscription date.
CNH 09-C, CNH Equipment Trust's $800 million offering, sold its three triple-A rated parts. The largest of these tranches is worth $201.2 million. The equipment lease deal is managed by Bank of America Merrill Lynch and BNP Paribas.
Meanwhile, Americredit's $227 million auto-backed transaction, dubbed APART 09-1, priced on Monday, Joint leads on the TALF-eligible deal are JPMorgan Securities, RBS Securities and Wells Fargo.
Bank of America Trust’s $2.2 billion auto ABS deal, Bank of America Auto Trust 2009-3, has also priced. The largest triple-A rated tranche of the deal is worth $723 million.
Other TALF-eligible deals that were sold include GMAC's Ally Bank. This is a $824.8 million prime auto loan-backed deal also eligible under TALF. Leads on the offering, Ally Auto Receivables Trust 2009-B, are Barclays Capital, JPMorgan and RBS.
Autos and equipment lease transactions play a big component of November's TALF list. General Electric Capital Corp. has a $552.6 million TALF-eligible auto ABS under its GE Dealer Floorplan MNT Series 2009-2. The deal is led by RBS and Deutsche Bank Securities. Co-managers on the floorplan ABS are Barclays, Calyon Securities, Mitubshi UFJ Securities, Castle Oak Securities.
Meanwhile, Great American Leasing Corp. also has a $459.8 million equipment lease deal that is managed by Bank of America Merrill Lynch and Wells Fargo.
General Electric Small Ticket also has a $654.2 million TALF-eligible deal, called GEEST 2009-1. Joint leads on the transaction are Barclays and Bank of America Merrill Lynch.