CNH Capital America plans to issue an $850 million equipment lease ABS transaction backed by fixed rate retail installment sale contracts and retail installment loans secured by agricultural or construction equipment.

The deal, CNH Equipment Trust 2013-A follows GreatAmerica Financial Services $378million equipment lease ABS transaction, that began priced this week.

CNH Equipment Trust 2013-A is structured with four tranches of A notes and a $19million subordinate B note, according to a prospectus supplement filed with the U.S. Securities Exchange Commission on Thursday.

RBS Securities, Barclays Capital and Societe General are joint bookrunners on the deal. Banca IMI, BNP Paribas and Bank of America Merrill Lynch are co-managers on the class A notes only.

The issue is the third equipment leasing deal for 2013 and brings year to date volumes in the space to $1.4 billion.

Great America Leasing priced its 1.25-year, ‘AAA’ notes at 26 basis points over the eurodollar spot forward benchmark; the 2.25-year, ‘AAA’ notes priced at 32 basis points over interest rate swaps; and the 3.37-year, ‘AAA’ notes priced at 52 basis points. The subordinate, 3.34-year, class B and C tranches priced at 70 basis points and 110 basis points respectively.

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