RiviereJenison Securities, a nationwide brokerage and investment banking firm specializing in structured finance, recently placed a $46 million lease receivables ABS in the private Rule 144A market for Des Moines, Iowa-based equipment finance company Frontier Leasing Corporation.

The deal was structured as a senior/subordinated transaction, according to the firm's press release. The senior bonds were rated Baa2' and the subordinate bonds were rated Ba2,' according to Paul Jenison, co-founder of RevierJenison and head of the New York-based office. The deal is comprised of 2.2-year average life notes and priced with an undisclosed yield.

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