UNITED STATES

摘要

Chrysler capital priced a near-prime auto ABS largely within guidance on Thursday, but the levels were well outside a sub-prime deal last week with a much weaker collateral pool. The outcome underscored the dislocations in the auto ABS market, which has moved beyond mere tiering between prime and sub-prime as the buyside frets about liquidity and headline risk. All classes of the US$751m deal priced within official guidance save the US$25.6m 3.46-year B tranche, although some were wide of whispers. But the deal, jointly led by Citi and JP Morgan, came up to 30bp outside a sub-prime deal last week from GM.