CNH Capital sells subordinated notes in first equipment ABS of 2010
- Wednesday, 07 April 2010
CNH Capital Australia (CNH) priced the first Australian asset-backed security (ABS) deal based on equipment loans of the year on April 7, with its A$350 million (US$324.5 million) Receivable Trust Series 2010-1 ABS line. The notes are backed by commercial hire purchase and mortgage contracts over agricultural and construction equipment.
