Barclays Capital priced a $1.1 billion auto ABS deal for Nissan Motor Acceptance Corp., NAROT 2009-1.  The bank was sole bookrunner and structuring agent.

The transaction had three triple-A tranches of sequential notes, with a weighted average life of 1.27-years and an all-in bond coupon of 4.54%. The A-1, A-2 and A-3 tranches were issued as fixed-rate notes. The absence of the A-4 tranche is solely based on the high seasoning on the collateral.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.