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
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
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
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