Nissan Motor to offer $1.1 bln auto lease ABS


NEW YORK, Jan 24 (Reuters) - Japanese car maker Nissan Motor will issue $1.1 billion of asset-backed securities supported by auto leases, a source familiar with the deal said on Tuesday. JPMorgan and Citigroup will serve as lead underwriters for the offering, the source said. The following are preliminary terms and conditions for "NISSAN AUTO 06-A (NAROT)": CL Amt($mm) (MDY/S&P) WAL Bmrk/Spread A-1 $358.0 P-1/A-1+ 0.34 IntL - 2 a A-2 260.0 Aaa/AAA 1.05 EDSF - 1/-2 A-3 345.0 Aaa/AAA ...

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