Ford Credit Canada is in the market with its Ford Auto Securitization Trust 2011-R1.
The six-tranche, over CAD$600 million deal is managed by HSBC Securities (Canada), Merrill Lynch Canada, RBC Dominion Securities, Scotia Capital, BMO Nesbitt Burns, CIBC World Markets, and TD Securities.
The auto ABS transaction, which is scheduled to close on March 4, is backed by portfolio of retail conditional sale contracts secured by new and used cars, light trucks and utility vehicles, according to a DBRS presale report.
For a full copy of the presale, please click on this link.
In other deal news, according to a Bloomberg report, Sallie Mae is planning to come to market with a $812.35 million FFELP-backed SLABS.