As automotive deals continue to shine, Union Acceptance Corp. is gearing up to potentially come to market once more in 1999. If conditions are right the company would price a $300 million to $360 million auto loan-backed deal sometime this month, said a source at the company.
"It seems like the market is a little better than most people thought it would be at this time," said the source. "The spreads seem to be tightening up. However, we're still in the evaluation stage at this time."