CNH priced its third equipment lease securitization of the year, the $1 billion CNH Equipment Trust 2014-C. Fitch Ratings and Standard & Poor’s rated the deal.

The issuer sold the one-year, class A notes, rated ‘AAA’/ ‘AAA’ at a spread of 30 basis points over the Eurodollar synthetic forward curve. The 2.37-year class A3, ‘AAA’/ ‘AAA’ notes were sold at 30 basis points over interpolated swaps.

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