Equipment ABS issuers pile into primary

Equipment
By Jennifer Kang
03 Oct 2019

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 ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.