First Tennessee Bank is expected to usher in the new year with heightened activity in its securitization program, as the bank considers launching both a public home-equity deal and an auto securitization, and expects to fund a new $1.5 billion asset-backed commercial paper conduit.

In a continuing effort to familiarize itself with the process of asset-backed bond issuance, First Tennessee has completed two on-balance sheet home-equity deals over the last two years, and set up a commercial paper program that it recently began funding.

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