There has been a flurry of non-TALF activity right after the program ended earlier this month.
Asset-backed deals from the auto, student loan and equipment sectors have come to market.
Avis Budget Car Rental sold $580 million of bonds backed by rental-car receivables. The series was in two parts — Avis Budget Rental Car (AESOP) Asset-Backed Notes Series 2010-2 and 2010-3, which were $115.8 million and $462.7 million, respectively.
Both transactions were lead managed by Bank of America Merrill Lynch, Citigroup Global Markets and Credit Agricole. Co-managers on both deals were RBS Securities, Scotia Capital and Wells Fargo.
Meanwhile, GMAC unit Ally Bank priced its $963.6 million auto ABS offering called Ally Auto Receivables Trust 2010-1. Bank of America, BNP Paribas and RBS were lead managers on the automobile-backed transaction.
CNH Equipment Trust is also in the market with a $822.5 million equipment-lease back deal led by Bank of America and RBS.
The student loan sector saw Brazos Finance Corp. come to market with a FFELP-backed deal. Student Loan Corp. also registered with the Securities and Exchange Commission to issue a FFELP ABS.
Details on these transactions are available via the link below from the ASR Scorecard database.
