Volvo Financial Services is in the market with a truck receivables-backed deal underwritten by Bank of America Merrill Lynch and HSBC Securities. The four-tranche offering is worth $615.9 million.
The automotive sector is getting a boost as Hyundai Capital America just priced its $960.9 million transaction. Lead managers on this auto ABS were RBS Securities, Societe Generale and JPMorgan Securities. Meanwhile, RBC Capital Markets served as co-manager.