BofA to offer $2B deal backed by auto loans, source says

Bank of America plans to sell bonds backed by auto loans that are eligible for the Federal Reserve's Term Asset-Backed Securities Loan Facility, a source said. The deal is jointly led by Bank of America/Merrill Lynch, Citigroup, Credit Suisse, Barclays Capital and Royal Bank of Scotland. Bank of America previously sold a deal of almost $4 billion backed by auto loans, its first eligible under TALF.

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