Ford Motor Credit Co. is in the market with a $1 billion auto loan-backed ABS. It is eligible under the Term ABS Loan Facility (TALF).

Barclays Capital and Morgan Stanley are lead managers on the offering. Merrill Lynch Banc of America Securities, BNP Paribas, Citigroup Global Markets, Deutsche Bank Securities, HSBC Securities and RBS Securities are co-managers on the transaction.

Similar to the last TALF subscription date, auto issuers have been taking full advantage of the program. Mercedes Benz is also in the market with a TALF-eligible deal.

Preliminary details on the deal are available via the link below from the ASR Scorecard database.

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