The new issue calendar for the Aug. 6 TALF subscription is getting filled with $5.3 billion of eligible ABS announced from across the auto fleet, floorplan, credit card, equipment, and private credit student loan sectors.
According to figures reported by JPMorgan Securities, July ABS supply finished at $14.5 billion, of which $12.3 billion was TALF eligible. This brings the year-to-date ABS issuance total to $76.2 billion, including $24.4 billion (equivalent to 32%) that are non-TALF eligible.
The next subscription includes the $703 million Wheels deal that is being managed by Banc of America. Price guidance on the triple-A tranche was talked at the 165 basis points to 175 basis points range.
Two student loan deals are also part of the early August line-up. Sallie Mae has a $1.7 billion securitization that is co-managed by Banc of America, Barclays Capital and JPMorgan. The triple-A tranche is being talked at 45 basis points to 55 basis points range.
Meanwhile, the Student Loan Corp. also has a $1.4 billion deal managed by Barclays Capital, Citigroup, RBS Securities and Goldman Sachs.
First National Bank of Omaha has a $658 million that is led by Banc of America Securities and JPMorgan.
GE Money Bank has a $1.7 billion that is managed by Banc of America, Barclays, Deutsche Bank Securities, Williams Capital Group and Castle Oak.
CHN Capital America is also part of the TALF line-up with a $583 million deal that is managed by Banc of America and RBS Securities.
World Financial Network is also in the market with a deal called Credit Card Master Note Trust, Series 2009-B. The $475 million deal is managed by RBS Securities and Wells Fargo.
Preliminary details on these transactions are available via the link below from the ASR Scorecard database.
