CNH in the Market with Equipment ABS
August 2, 2010
CNH Capital America is in the market with a $753.45 million deal backed by retail equipment loans. Barclays Capital and BNP Paribas are serving as lead managers on the transaction.
Specifically, the offering is backed by retail installment loan sale contracts on new and used agricultural equipment originated by CNH, according to a Fitch Ratings presale report.
Citi, Credit Agricole Securities, Rabo Securities, and Societe Generale Corporate & Investment Banking are co-managers on the deal, which is expected to close on Aug 12.
Preliminary details on the CNH ABS are available via the link bellow from the ASR Scorecards database.
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