May's issuance under TALF nearly $3 bln, more seen

Newswire

By Nancy Leinfuss NEW YORK, April 30 (Reuters) - U.S. asset-backed issuers are gearing up to offer nearly $3 billion in offerings to investors as round three of the Federal Reserve's TALF financing nears in May. Under its Term Asset-Backed Securities Loan Facility, the Fed makes loans available to investors for the purchase of securities backed by credit card, auto loans, student loans and small business loans. The program was designed to restore lending at the consumer level and ...

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