New Issue-WFS sells $1.65 bln auto asset-backeds

Newswire

NEW YORK, Aug 5 (Reuters) - WFS Financial Inc. , an auto finance company, sold $1.65 billion of asset-backed supported by car loans on Tuesday, syndicate sources said.

Credit Suisse First Boston led the deal. Banc of America Securities, Barclays Capital, Citigroup Global Markets, and Deutsche Bank Securities were the co-managers.

WFS Financial, based in Irvine, California, is a unit of Westcorp.

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