Nissan Motor plans to offer $1.5 bln car loan ABS

Newswire

NEW YORK, June 17 (Reuters) - Nissan Motor Co. Ltd. , Japan's third-largest carmaker, plans to offer $1.5 billion in asset-backed securities supported by car loans it made, a source close to the deal said on Friday. Merrill Lynch and J.P. Morgan are jointly heading the deal's underwriting group that includes ABN AMRO, Citigroup Global Markets, Morgan Stanley and Williams Capital, the source said. The following are early terms and conditions for "Nissan Auto Receivables Owner Trust ...

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