Market reports indicate that Avis Budget Group is offering to sell $300 million of U.S. ABS backed by auto rentals to investors.

The deal will not be eligible under the Federal Reserve's Term Asset-Backed Securities Loan Facility (TALF).

The structure offers 3.18-year triple-A rated notes and will be privately placed. Published reports said it is being underwritten by Deutsche Bank and Barclays Capital.

 

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.