World Omni Financial Corp. today filed a prospectus supplement with the Securities and Exchange Commission (SEC) to issue under its World Omni Automobile Lease Securitization Trust 2012-A.
The transaction is backed by a pool of automobile and light-duty truck leases and the related leased vehicles.
To access the entire SEC filing, please click here.
Joint bookrunners of the Class A and B notes are Bank of America Merrill Lynch, Credit Suisse and JPMorgan Securities. Co-managers for the Class A notes are Barclays Capital and Deutsche Bank Securities.
Meanwhile, Sallie Mae is in the market with SLM Student Loan Trust 2012-4.
According to a Moody's Investors Service presale report, the deal is divided into floating rate Class A notes worth roughly $1.5 billion and assigned a provisional rating of 'AAA (sf)' by the agency and floating rate Class B notes worth $44.8 million provisionally rated 'A2 (sf).'
The transaction is backed by 100% FFELP consolidation student loans. Moody's said that the senior Class A notes are expected to benefit from 2.9% subordination offered by the subordinate Class B notes.
JPMorgan sold its five-year credit card transaction under its Chase Issuance Trust Class A 2012-2. For the SEC filing for the transaction, please click here.
According to Bloomberg, the deal was upsized to $750 million from $600 million.
JPMorgan is the sole bookrunner on the card ABS while BofA Merrill and Royal Bank of Scotland served as co-managers on the offering.