Securities worth over $3 billion were being marketed on Tuesday, after bonds worth $4.54 billion were offered last week. While some of the deals are eligible for cheap financing under the Federal Reserve's program to boost the securitization market, the bulk of them are not.
Bonds eligible for funds under the Term Asset-Backed Securities Loan Facility, or Talf, include a $500 million fleet lease-backed deal from Automotive Rentals Inc. and a $750 million floor-plan-backed deal from Nissan Motor Co. Ltd.
The next loan application deadline for Talf is Feb. 5. The program is scheduled to end in March.