TAL to sell new container ABS amid maturity bump

Asia trade
By Matthew Scully
07 May 2014

TAL International Group has hired BNP Paribas as structuring lead on a new US container securitization. The 144A deal received a strong response from investors who have seen aggressive pricing from issuers and a jump in redemptions for container deals, which have drained nearly $1bn from the market in the past two quarters.

TAL’s latest $238m issuance includes a two year class 'A1' note, a five year class 'A2' note and a five year class 'B' note. Wells Fargo and Royal Bank of Canada were joint leads alongside structuring agent BNP Paribas, which has only led on one other known US ...

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