In spite of the shortened holiday week, the ABS primary market managed to generate $17 billion as issuers and managers rushed to get deals done before the upcoming ABS East conference in Boca Raton, Fla.

GE Finance brought its long-awaited aircraft deal, an $841 million, senior-subordinated deal backed by corporate aircraft leases. The deal had yet to price as of press time but the one-year tranche was being talked in the seven basis point area over one-month Libor, while the three-year tranche was being talked in the 12 basis point area over one-month Libor. The deal was led by Credit Suisse First Boston and Deutsche Bank Securities.

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