© 2024 Arizent. All rights reserved.

TALF's Third Round Gives Life to ABS Market

Negating criticism that the response to the government's Term ABS Loan Facility (TALF) has been lackluster thus far, over $10 billion worth of deals just priced under the program's third round.

Autos and credit cards played a very prominent role in this round as issuers in these sectors came to market wtih their deals.

Chase and GE Capital came to market with two credit card transactions, with $5 billion in Chase paper taking up a lion's share of this round's issuance.

On the auto side, Honda Motor Co.,Volkswagen  AG and Mitsubishi Motors boosted volumes in this asset class.

Meanwhile, Harley Davidson came to market with a motrocycle-backed transaction while CNH Capital came out with an equipment lease-backed offering.

Details on these deals are available via the link below from the ASR Scorecard database.

For reprint and licensing requests for this article, click here.
ABS
MORE FROM ASSET SECURITIZATION REPORT