Over $1.4 billion of notes backed by consumer asset backed securities cleared the new issue pipeline on Wednesday.

California Republic Bank priced its $223 million California Republic Bank Auto Receivables Trust 2014-1; the 0.95-year, triple-A notes have a spread of 35 basis points over the eurodollar synthetic forward, according to a regulatory filing.

The triple-A. 2-year notes priced at 38 basis points over the interpolated swaps curve and the 3.23-year, triple-A notes priced at 55 basis points over the interpolated swaps curve.

The single-A plus, 4.16–years class B notes priced at 100 basis points over the interpolated swaps curve; and the triple-B rated, 4.2-years class C notes priced at 210 basis points. Credit Suisse is the sole bookrunner on the deal.

Sallie Mae upsized its latest offerings of student loan backed securities, by $248.7million to $992.3 million, according to a regulatory filing. The trust issued five classes of notes with totaling $965.1 million with preliminary ‘Aaa’/’AAA’ ratings from Moody’s Investor's Service and Fitch Ratings.

The class A-1 notes, due July 25, 2021, priced at 25 basis points over one month Libor. The class A-2 notes due Oct. 25, 2021, priced at 35 basis points over one month Libor and the class A-3 notes, due March 26, 2029 priced at 59 basis points over one month Libor.

Also on offer were $27.2 million of class B notes maturing in January 2045, rated ‘Aa1’ that priced at 150 basis points over one month Libor. Barclays, Goldman Sachs and RBS are the lead underwriters.

Cabela’s priced $255 million of class A notes backed by its private-label, credit card receivables a couple of basis points tighter than initial guidance. The triple-A rated notes, with a weighted average maturity of 2.97 years priced at 35 basis points over one-month Libor.  

According to Interactive Data, the class A notes were talked between 37 to 38 basis points over one month Libor. Wells Fargo Securities and Bank of America Merrill Lynch are lead managers on the deal.

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