Encina debuts with mid to large ticket equipment ABS

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Encina debuts with mid to large ticket equipment ABS

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September 26, 2018 - Mount Pleasant, Wisconsin, USA - Agriculture equipment sales could suffer if farmers are negatively impacted by the agricultural tariff war with China. JORGE MENDEZ bolts tractor wheels and tires to Case Magnum 340 tractors at the Case IH tractor plant in Mount Pleasant (Racine), Wis. Wednesday, September 26, 2018. (Credit Image: © Mark Hertzberg/ZUMA Wire) | Mark Hertzberg/Zuma Press/PA Images

Encina priced its inaugural public securitization, an ABS backed by mid and large ticket sized equipment loans, taking advantage of the extremely low funding costs and tight spreads.

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