The auto sector is gearing up for more deals in the pike. AmeriCredit Financial Services and American Honda Finance Corp. are both prepping automobile-backed transactions.
AmeriCredit is in the market with a auto-backed ABS called Automobile Receivables Trust 2010-2. The $600 million transaction is lead managed by Deutsche Bank Securities, JPMorgan Securities and Wells Fargo. Co-managers on the transaction are RBS Securities, Credit Suisse and UBS.