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CNH in the Market with Equipment Deal

CNH Capital America is in the market with a $721.201 million deal called CNH Equipment Trust 2010-C.

The transaction, which is rated by both Standard & Poor's and Moody's Investors Service, is backed by retail equipment loans.

Royal Bank of Scotland, Credit Agricole Securities and Societe Generale are managing the five-tranche offering.

For a copy of the deal's prospectus offering, please click this link.

The firm's last transaction under this trust called CNH Equipment Trust 2010-B was in early August. Back then, CNH was in the market with a $753.45 million deal backed by retail equipment loans.

Barclays Capital and BNP Paribas were the lead managers on the transaction while Citigroup, Credit Agricole, Rabo Securities, and Societe Generale served as co-managers on the deal.

Specifically, the offering was backed by retail installment loan sale contracts on new and used agricultural equipment originated by CNH, according to a Fitch Ratings presale report.

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