Compared to last year, when volume neared $10 billion, the term equipment sector has been slow, at just about $4.2 billion year-to-date, although innovation in the sector is hardly dead. For example, industry rumblings indicate that the first-ever equipment net interest margin (NIM) deal is in the works for the fourth quarter.

Though unconfirmed, Rothschild is said to be structuring the transaction, which will be issued simultaneously with a more traditional equipment deal from the same issuer, both being placed in the true private market. Sources at Rothschild did not return calls regarding the deal, and details were unavailable.

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