Pipeline: Rare Revolver Among $4 Bln Marketing, Tryptophan Torpor Next Week

19 Nov 2013

This week’s U.S. asset-backed securities pipeline comprises $4 billion in new deals—including one auto deal with a rare revolving structure—but volume is expected to drop Thanksgiving week, market participants said.

This week’s U.S. asset-backed securities pipeline comprises $4 billion in new deals—including one auto deal with a rare revolving structure—but volume is expected to drop Thanksgiving week, market participants said.

Ally Financial announced a $778.18 million non-prime auto ABS, CARAT 2013-4. The deal structure includes a one-year revolving period ...

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