Auto ABS are gearing up for another busy week with some deals in the pike. A credit card deal is also coming to market.

Toyota Motor Credit Corp. will be issuing an auto ABS under its Toyota Auto Receivables 2012-A Owner Trust. The deal is worth $802 million.

The Class A-1 notes, the Class B notes and roughly 10% of the initial principal amount of each of the Class A-2, Class A-3 and Class A-4 notes, will be retained by the issuer, according to the filing.

For the full Securities and Exchange Commission (SEC) filing on the transaction, please click here.

Joint bookrunners on the auto securitization are Royal Bank of Scotland (RBS), Deutsche Bank Securities and Morgan Stanley.

Meanwhile, co-managers on the transaction are Bank of America Merrill Lynch, Barclays Capital, Citigroup Global Markets, JPMorgan Securities, Mischler Financial, Mizuho Securities and SMBC Nikko.

GM Financial also filed with the SEC to issue a $1.072 billion transaction under its AmeriCredit Automobile Receivables Trust 2012-2.

For the full filing, please click here.

Joint bookrunners  on the deal are Credit Suisse, RBS, Wells Fargo Securities.  The transaction's co-managers only with respect to the Class A notes are Barclays, Deutsche Bank, and JPMorgan Securities.

According to the SEC filing, the issuing entity's assets include a pool of subprime auto loan contracts secured by new and used automobiles, light duty trucks and vans.

The company defines subprime loans as contracts made to borrowers who generally have credit bureau scores ranging from 500 to 700.

In credit card land, World Financial Network is also going to issue a transaction under its World Financial Network Credit Card Master Note Trust 2012-A.

The SEC filing related to the deal is available through this link.

 

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.