TAL International Container plans to issue $238 million in securities backed by shipping container lease revenues and residual cash flows. It is the issuer's second deal of 2014, according to a Standard & Poor’s presale report.
The rating agency has assigned a preliminary A’ ratings to the $220 million of class A to be issued under the capital structure. S&P expects to assign a BBB’ ratings to the $18 million of class B notes. The notes are due May 2039.