New Issue - CIT sells $590 mln equipment ABS

Newswire

NEW YORK, Aug 17 (Reuters) - Commercial and consumer finance company CIT Group plans to sell $590 million of asset-backed securities backed by contracts for the purchase or lease of construction, transportation and manufacturing equipment, a source close to the deal said on Wednesday. Barclays Capital and Banc of America Securities LLC headed the deal's underwriting group, which included ABN Amro, Morgan Stanley and SG Corporate and Investment Banking, the source said. The following are ...

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