Capital One plans $700 mln subprime car loan ABS

Newswire

NEW YORK, May 23 (Reuters) - Capital One Financial Corp. plans to price this week about $700 million in asset-backed securities supported by car loans it issued to subprime borrowers or people with spotty credit histories, a source familiar to the deal said on Monday. Citigroup Global Markets and Wachovia Securities are jointly heading the deal's underwriting group that includes ABN AMRO, Barclays Capital, Banc of America Securities LLC, Deutsche Bank Securities, J.P. Morgan Securities and ...

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