Ford Credit is currently marketing Ford Credit Auto Lease Trust 2011-A (FCALT 2011-A). Joint lead managers on the transaction are Deustche Bank Securities, JPMorgan Securities, and Morgan Stanley.

The transaction will include $755.13 million of Class-A notes. It might also have 'AA' Class B notes worth $33.14 million.

This is the first public term securitization from Ford Credit lease ABS program. The company previously issued three 144A term lease ABS deals in 2009 and 2010.

FCALT 2011-A will be structured as a senior/subordinate, sequential pay structure with four senior 'AAA'-rated notes as well as a subordinate 'AA'- fixed-rate note.

The transaction is scheduled to be announced this Monday and will probably price on Wednesday next wek.

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