With the recent announcement made by Citigroup that it had reached an agreement with Copelco Capital, Inc., a leader in small-ticket vendor leasing, to purchase all of its outstanding shares, the asset-backed market saw Copelco bonds bidding at four to five basis points tighter, leaving players wondering how it will affect other aspects of its ABS business.

"Securititization is an effective means to finance the business and we will continue to include it among our finance options" said Sal Maglietta, head of Citicorp Global Equipment Finance. "The decision to do this type of transaction would be based upon an evaluation of market conditions, as well as present and future business needs. There are so many factors that would drive the amount and when, but it would certainly be a basic part of the business profile."

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