Ryder System Inc. will issue its first public deal early in November, according to company Vice President and Treasurer Dan Susik, who says the transaction will herald a pattern of regular public issuance from Ryder going forward.

The upcoming deal - totaling $300 million - is markedly larger than Ryder's first transaction, which was privately placed for $77 million in June 1998. Susik says the increase occurred after Ryder decided to place more assets into its securitization program, marking a change of emphasis in capital raising strategy that had previously consisted of mostly current receivable and unsecured commercial paper financing, and the sale of straight corporate debt.

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