JJ Hornblass

Honda, Harley, Chrysler, Ford, AmeriCredit Reportedly Lined Up for Today's TALF

Today's Term Asset- Backed Securities Loan Facility, or TALF, offering looks to be a bonanza for the auto finance sector.

Among those companies reportedly lined up to participate in the offering are: Harley-Davidson, Honda, Chrysler Financial, Ford, and AmeriCredit.

According to Bloomberg, "Harley-Davidson plans to sell $700 million of bonds backed by loans for motorcycles and eligible for the Federal Reserve’s Term Asset-Backed Securities Loan Facility, said one of the people, who declined to be identified because terms aren’t set. Honda increased the size of its planned offering of bonds backed by auto debt to $1.83 billion, from $1.5 billion."

Last month's TALF offering -- which has become a leading channel for auto finance liquidity -- totaled $11.5 billion.

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Tags: AmeriCredit, Chrysler, Ford, Harley, Honda, abs, liquidity, talf, wall-street

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