RPT-CIT Group to sell $590 mln in equipment-backed ABS

Newswire

(Repeats to remove extraneous material at bottom) NEW YORK, Aug 16 (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 Tuesday. Barclays Capital and Banc of America are heading the deal's underwriting group, which includes ABN Amro, Morgan Stanley and SG Corporate and Investment ...

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