Calendar of auto ABS expands with $1 bln Honda deal

NEW YORK, May 11 (BestGrowthStock) – Honda Auto Receivables Owner
Trust is offering $1 billion of asset-backed securities to
investors on Tuesday bringing total sales from the segment this
week to $2.5 billion, market sources said.

The deal dubbed “HAROT 2010-2” will be underwritten by
Barclays Capital and Citigroup, market sources said.

Honda’s auto ABS sale includes one-year and two-year
AAA-rated notes that are expected to price at a spread over
Eurodollar swap futures and 3.07-year AAA-rated notes that are
expected to price at a spread over interpolated swaps, market
sources said.

Other auto sales currently being marketed to investors
include Ford Auto Floorplan’s $300 million securitization,
Volvo Financial Equipment’s $615.9 million sale and AmeriCredit
Auto Receivables Trust’s $600 million offering, sources said.

Auto issuers have led supply this year in the U.S.
asset-backed market, bringing nearly half of the $46 billion of
securities sold.

Stock Market Research

(Reporting by Nancy Leinfuss, Editing by Chizu Nomiyama)

Calendar of auto ABS expands with $1 bln Honda deal