Credit cards and autos are filling up the ABS up the ABS pike this week. GE Capital is in the market with GE Capital Credit Card Master Note Trust Series 2012-. The offered notes on the deal are $457.7 million.

Barclays Capital and Credit Suisse are lead managers on the Class A and B notes. Other underwriters on the credit card transaction are Natixis, Societe Generale and Castle Oak Securities.

For the Securities and Exchange Commission (SEC) filing on this transaction, please click here.

The class A and B notes of series 2012-3 will be publicly offered, while the class C notes will not be offered publicly at issuance, according to a Fitch Ratings presale report.

The class A notes are worth $400 million and was assigned a provisional ‘AAAsf’ rating by Fitch; Class B notes are $57.7 million rated ‘A+sf’; and Class C notes are $38 million rated ‘BBB+sf’. The excess collateral amount is worth $28.9 million.

As previously reported by ASR in this story, the other deals that have come to market include another credit card offering from World Financial Network, which has priced a transaction under its World Financial Network Credit Card Master Note Trust 2012-A.

Discover Financial Services also has a transaction under its Discover Card Master Trust I. To view the SEC filing related to the deal, please click here.

Toyota Motor Credit Corp. will be issuing an auto ABS under its Toyota Auto Receivables 2012-A Owner Trust. GM Financial will also sell a transaction under its AmeriCredit Automobile Receivables Trust 2012-2. 

ASR also previously reported in this story that Bank of America has filed with the Securities and Exchange Commission to issue an auto transaction under its Bank of America Auto Trust 2012-1. The deal is worth almost $1.8 billion.



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