NEW YORK, Sept 19 (Reuters) - Long Beach Auto plans to offer $350 million inasset-backed securities supported by automobile loans, a source close to the deal said on Monday.
RBS Greenwich Capital is the lead underwriter.
The following are the early terms and conditions of "Long Beach Auto 2005-BRAMC 05-03" (subject to change): Cls $Amt-mm WAL Window Mdy/S&P/DBRS Type Talk
A1 59.50 0.25 1-7 P-1/A-1+/R-1h SeqFix TBA
A2 120.00 1.00 7-20 Aaa/AAA/AAA ...
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