As other asset-backed securities issuers look to get the balance of their 1999 deals out of the way during the third quarter, auto lender Union Acceptance Corp. will likely follow up last month's deal with a $350 million auto-backed issuance in the fourth quarter, a company official said.
"We'll either try to do something in December or maybe even skip a quarter," said the source. "Though sometimes when people say it's gonna be bad, it turns out good. We're looking at all our options. I think everyone is trying to guess what the market is going to do."