Huntington Files with SEC to Issue Auto Deal

Huntington National Bank filed an S-3 with the Securities and Exchange Commission (SEC) to issue an ABS under its Huntington Auto Trust.

The portfolio comprises primarily of motor vehicle retail installment sale contracts and/or installment loans secured by new and used automobiles and light-duty trucks, according to the filing.

Meanwhile, John Deere also filed with the SEC a preliminary prospectus supplement to issue a deal worth  $1.03 billion under its John Deere Owner Trust 2012-B.

The underwriters on the transaction are Bank of America Merrill Lynch, Citigroup Global Markets, Barclays Capital and RBC Capital Markets.

The trust is backed receivables comprising agricultural and construction equipment retail installment sale and loan contracts backed by new and used agricultural and construction equipment.

General Electric Co. priced its upsized credit card deal worth $1.13 billion yesterday. The offering was previously worth $563 million.

It is also planning to offer a class of notes worth $50.5 million, according to another SEC document.

In CMBS land, Fitch Ratings released its presale report on JPMorgan Chase 2012-FL2 Commercial Mortgage Passthrough Certificates.

The floating-rate transaction is secured by a pool of six commercial mortgage loans backed by 14 properties. The certificates follow a sequential-pay structure.

Three of the loans are hotels (39.9%) and the other three are secured by retail (33.2%), office (13.9%), and multifamily (12.9%) properties. The biggest loan in the offering is the Carousel Mall, representing 33.2% of the deal, Fitch reported

The rating agency also said that 100% of the loans have added mezzanine debt and/or a B-note .