Agricultural equipment ABS debuts

Category: ABS

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DLL Finance, a Rabobank subsidiary, is in the market with an inaugural equipment ABS. Dubbed DLL Securitization Trust 2017-A, the US$501.5m transaction is backed by 24,080 loans and leases mostly originated by dealers to finance primarily agricultural equipment.

S&P and Moody's have assigned provisional ratings to the transaction of A1+/P1 on the US$120m class A1 notes (which are expected to price with a coupon of 1.65%),

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