Wachovia plans to price $1 bln auto loan ABS

Newswire

NEW YORK, Aug 23 (Reuters) - Wachovia Corp. plans to price on Tuesday $1 billion in asset-backed securities supported by car loans the bank issued or acquired, a source close to the deal said on Monday. Wachovia's broker-dealer arm is heading the deal's syndicate team that includes Barclays Capital, RBS Greenwich Capital and Loop Capital Markets, the source said. The following are early terms and conditions of "Wachovia Auto Owner Trust 2004-B" (subject to change) **** Class A-1 ...

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