TAL International Container Corp. plans to issue a $241.74 million securitization backed by container lease revenues and residual cash flows.

The TAL portfolio consists of 186,581 containers from 7 different marine cargo container types and all containers are currently out on lease, according to a Standard & Poor’s presale report. The ratings agency assigned the class A notes a preliminary  ‘A’ – ratings and the class B notes are rated a preliminary ‘BBB’ ratings.

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