TAL Advantage IV, a wholly owned subsidiary of TAL International Group, has completed its offering of $197 million fixed-rate secured notes.

The series 2010-1 notes were rated ‘A’ by Standard & Poor’s and were issued at par with an annual interest rate of 5.5% and scheduled maturity date of July 20, 2020. TAL will use the proceeds of the offering to purchase containers and for general business.

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