UPDATE 1-AmeriCredit launches $1.1 bln car loan ABS

Newswire

(Update with launch levels) NEW YORK, Aug 15 (Reuters) - Auto finance company AmeriCredit Corp. launched on Monday $1.1 billion in asset-backed securities supported by car loans it made, a source close to the deal said. Bond insurer Financial Security Assurance (FSA) will guarantee the notes' timely principal and interest payments, the source said. Deutsche Bank Securities and Wachovia Securities are the heading the deal's underwriting group that includes J.P. Morgan Securities, Lehman ...

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