Mitsubishi Motors Credit of America is in the market with an auto loan deal. Barclays Capital is the lead manager on the $212 million deal.
The auto ABS called MMCA Auto Owner Trust 2010-A is not eligible under the Term ABS Loan Facility (TALF).
Preliminary details on the auto transaction are available via the link below from the ASR Scorecard database.
Meanwhile, the auto sector is seeing a lot of activity. Chrysler is in the market with a TALF $1.7 billion auto lease deal as reported by StructuredFinanceNews.com yesterday.
And with the TALF deadline approaching, other auto ABS that are TALF-eligible are reportedly in the pipeline as well. These offerings include deals from Ford Motor Co. and Avis Budget Group.