Coming on the heels of churning out $2.5 billion in asset-backed securities backed by manufactured housing and home-equity loans, Green Tree Financial Corp. is gearing up for a sale of equipment lease bonds from its Lease Finance program.

Debt from the program has only been securitized twice, once after its inception in December 1997, and then in December 1998. The upcoming deal will total $336 million, and sources say both Lehman Brothers and Merrill Lynch & Co. will have a role in managing the sale.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.