Equipment ABS issuers pile into primary
A burst of equipment ABS issuance has hit the primary pipeline, including two first time issues from Pawnee Leasing Corporation and BMO Harris Bank.
On Thursday, Pawnee Leasing Corp. priced its $254.2 commercial small ticket equipment lease deal led by joint leads RBC, BMO and SunTrust. The class ‘A-1’ notes were priced at 30bps over interpolated Libor, while the ‘A-2’ tranche is priced at 85bps over euro dollar spot forward. Overall, spreads ...
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