Capital One auto ABS deal size up to $1.5 bln-source

Newswire

NEW YORK, Aug 23 (Reuters) - Capital One Financial Corp. on Tuesday launched and enlarged the size of its auto loan, asset-backed securities offering to $1.5 billion, a source close to the deal said. The deal size was originally $1.2 billion. Companies often increase their bond deals to meet heavy investor demand. Capital One's latest ABS transaction is expected to price later Tuesday, the source said. Lehman Brothers and Morgan Stanley are jointly heading the deal's underwriting ...

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