Ally Bank is set to sell a $500 million flooplan deal under its Ally Master Owner Trust. The transaction is backed by new and used car inventory and light and medium duty truck and van inventory.
For the Securities and Exchange Commission filing connected to the offering, please click
Lead managers on the securitization are Credit Suisse, JPMorgan Securities and RBC Capital Markets.
The deal is expected to price sometime tomorrow.
Sallie Mae is also in the market with a 144A transaction called SLM Private Education Loan Trust 2012-B worth $668 million.
Moody's Investors Service has assigned 'Aaa' provisional ratings to the three classes of senior notes issued by the student loan lender.
According to Bloomberg, Textainer Group is planning to sell $250 million container transaction set to price next week.
