First Tennessee Capital Markets is getting ready to hit the market with its third auto ABS backed by loans originated and serviced by a federal credit union. The transaction is slated to be the largest such deal to date.
First Tennessee is hoping to price the deal sometime in late September, said D.L. Auxier, asset strategy manager for the firm. "We'll be putting the deal team together over the course of the next week to 10 days," Auxier said.