John Deere priced a $1 billion securitization of loan contracts on new and used agricultural and construction equipment, according to deal documents.
The fixed rate class A-1 notes due September 2015 yielded 0.21%; the fixed rate A-2 A notes due July 3017 yielded 0.54%. and the floating rate A-2B due July 2017 notes yielded 0.18%. The class A-4 notes due June 2021 yielded 1.50%. Fitch Ratings assigned preliminary rating of AAA’ to all of the tranches.