CNH - the entity formed by the 1999 merger between U.S.-based Case Corp. and Europe's New Holland BV - is to make its debut in the Australian asset-backed market with a A$450 million deal led by SG Australia.

NH Capital Australia has completed the sale of a portfolio of financing arrangements for agricultural and construction machinery, which will be financed initially through the issue of seven-year notes to two conduits - SG's ACE program and Citibank's CRS facility.

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