CNH boosts structured market with first asset-backed bond
CNH Capital Australia, the financial subsidiary of agricultural equipment manufacturer Case New Holland, gave another boost to Australia’s structured finance market this week, raising A$400m ($344m) from the first asset-backed deal in Australia this year.
It will fuel hope among Australian bankers that the asset-backed market in Australia is returning to health, coming after a year without a single deal. Investors have now bought the first CMBS, ABS and non-government backed RMBS deals of the year in the space of a few weeks.
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