New Issue-Capital One offers $1.2 billion car loan ABS

Newswire

NEW YORK, July 13 (Reuters) - Capital One Financial Corp. offered on Tuesday about $1.2 billion in asset-backed securities supported by car loans it made, a source familiar with the deal said.

Lehman Brothers and Morgan Stanley headed the deal's underwriting group, which included Citigroup Global Markets, Credit Suisse First Boston, Deutsche Bank Securities, Harris Nesbitt Corp. and Wachovia Securities, the source said.

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