Asset-backed pipeline

12 May — Honda Auto ROT 2003-2   $1.549 billion   auto loans   BarCap, JPMorgan

[Class].[(MM)].[Mdy/S&P/Ftc].[A/L].[Bench].[PxTalk]

A1       $383.0   P1/A1+/F1+  0.34y  4ML    -4bp A

A2       $430.0  Aaa/AAA/AAA  1.00y  EDSF   +5bp A

A3       $428.0  Aaa/AAA/AAA  2.00y  Swaps  +4bp A

A4       $308.0  Aaa/AAA/AAA  3.07y  Swaps  +3bp A

--Premarketing; Co-mgrs:ABN, BofA, BOCM, Merrill, BNP 

 

12 May — WFS Auto Loan Trust 2003-2   $1.5 billion  auto loans    BofA

[Class].[(MM)].[Mdy/S&P/Ftc].[A/L].[Bench].[PxTalk]

A1       $335.0  P-1/A1+/F1   0.36y  3ML     -2-3bp

A2       $291.0  Aaa/AAA/AAA  1.00y  EDSF    +9bp A

A3       $395.0  Aaa/AAA/AAA  2.00y  Swaps  mid teens

A4       $299.0  Aaa/AAA/AAA  3.28y  Swaps  mid 20bp

B        $64.0    Aa2/AA/AA   2.09y  Swaps   +90bp A

C        $68.0     A2/A/A     2.08y  Swaps   +150bp A

D        $41.0  Baa2/BBB/BBB  2.00y  Swaps   +200-225

--Premarketing; [Co-mgrs:Citi,CSFB,DBSI,Merrill]

 

12 May — AmeriCredit AMCAR 2003-BX  $600 million    auto loans    CSFB,DBSI

[Class].[(MM)].[Mdy/S&P/Ftc].[A/L].[Bench].[PxTalk]

A1       $107.0  P-1/A1+/F1+  0.18y  2ML    -1bp A

A2A      $130.0  Aaa/AAA/AAA  0.95y  EDSF   low 30bp

A2B      $100.0  Aaa/AAA/AAA  0.95y  1ML    low 20bp

A3       $87.0   Aaa/AAA/AAA  2.00y  Swaps  low 50bp

A4A      $100.0  Aaa/AAA/AAA  3.11y  Swaps  mid 60bp

A4B      $76.0   Aaa/AAA/AAA  3.11y  1ML    low 40bp

--Premarketing; Co-mgrs:Barclays, JPMorgan, Wachovia; 100% XL Capital wrap

 

12 May — DVI Receivables XIX 2003-1   $426.2million    medical equipment      

[Class].[(MM)].[Mdy/S&P/Ftc].[A/L].[Bench].[PxTalk]

A1       $71.80  P-1/A1+/F1+ 

A2       $52.20  Aaa/AAA/AAA 

A3       $259.5  Aaa/AAA/AAA 

B        $16.92   Aa2/AA/AA  

C        $14.66    A2/A/A    

D        $11.28  Baa2/BBB/BBB

--Premarketing; Co-mgrs: n/a

 

12 May — CNH Equipment Trust 2003-A   $972.5 million    equipment lease   

![Class].[(MM)].[Mdy/S&P/Ftc].[A/L].[Bench].[PxTalk]

A1       $228.0  P-1/A1+/F1+ 

A2       $251.0  Aaa/AAA/AAA 

A3       $258.0  Aaa/AAA/AAA 

A4       $203.0  Aaa/AAA/AAA 

B        $32.5     A1/A+/A+  

C        $27.5     NR/NR/NR  

--Premarketing; Co-mgrs: n/a

 

05 May — ACAS Business Loan Trust 2003-1  $238.7million  business loans   Wachovia

[Class].[(MM)].[Mdy/S&P/Ftc].[A/L].[Bench].[PxTalk]

A        $184.8  Aaa/AAA/AAA  2.40y  1ML    +55bp A

B        $30.8    Aa2/AA/AA   5.10y  1ML    +125bp A

C        $23.1     A2/A/A     5.50y  1ML    +225bp A

--Premarketing; Co-mgrs:

 

29 Apr — Granite Mortgages 2003-2  $2.6 billion     U.K RMBS      Lehman, Merrill

[Class].[(MM)].[Mdy/S&P/Ftc].[A/L].[Bench].[PxTalk]

1-A1     $1.12B  Aaa/AAA/AAA  0.99y  3ML    +10bp A 

1-A2     $906.0  Aaa/AAA/AAA  2.97y  3ML    +18bp A 

1-A3     $500.0  Aaa/AAA/AAA  6.01y  3ML    +27bp A 

1-B      $76.50   Aa3/AA/AA   6.04y  3ML    +50bp A 

1-C      $15.00  Baa2/BBB/BBB 6.04y  3ML    +155bp A

--Premarketing; Co-mgrs:Citibank, JPMorgan, UBSWarburg