Navistar joins other issuers to offer $919 mln ABS

Newswire

By Nancy Leinfuss NEW YORK, May 19 (Reuters) - Navistar Financial Owner Trust is selling $919 million of asset-backed securities supported by vehicle loans, market sources said on Wednesday, bringing ABS deals offered to investorss to $3.5 billion this week. The deal, marketed by Credit Suisse, Deutsche Bank Securities, JPMorgan Securities and RBC, is backed by retail truck, bus and trailer loans, market sources said. Navistar's sale, dubbed "NAVOT 2010-A," includes $326 million of a ...

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