New Issue-Capital One prices $700 mln car loan ABS

Newswire

NEW YORK, May 24 (Reuters) - Capital One Financial Corp. priced 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 Tuesday. Citigroup Global Markets and Wachovia Securities jointly headed the deal's underwriting group that included ABN Amro, Barclays Capital, Banc of America Securities LLC, Deutsche Bank Securities, J.P. Morgan Securities and Morgan Stanley, the ...

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