Bloomberg the Company

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Asset-Backed Bond Issuance in 2014 Set to Surpass $100 Billion

Don't Miss Out —
Follow us on:

June 11 (Bloomberg) -- U.S. issuers have sold almost $100 billion of asset-backed bonds linked to everything from subprime auto loans to credit-card debt this year, and deals planned as soon as today are poised to take the total past that milestone.

Issuance of $99.6 billion compares with $89.2 billion priced through June 11 last year, according to data compiled by Bloomberg. Banco Santander SA’s U.S. consumer unit is set to sell $1 billion of securities tied to subprime auto loans, according to a person with knowledge of the offering who asked not to be identified citing lack of authorization to speak publicly about the matter.

Auto debt makes up the largest portion of asset-backed bond offerings. Companies issued $37.8 billion of the debt through May 30, up 15 percent from last year, Wells Fargo analysts led by John McElravey said in a May 30 report.

To contact the reporter on this story: Sarah Mulholland in New York at

To contact the editors responsible for this story: Shannon D. Harrington at Mitchell Martin, Chapin Wright