Feb 21, 2012
- Marissa Capodanno
John Deere Preps Equipment ABS (UPDATE)
First out of the gate this week in the primary market is John Deere Capital Corporation, with a $998.8 million farm equipment securitization—JDOT 2012-A. Pricing is slated for tomorrow or Wednesday. The notes are expected to settle March 1.
Price guidance for the $304 million, 0.36-year A1 tranche is 20-21 basis points under international LIBOR; 8-10 bps over EDSF for the $255 million, 1.05-year A2 tranche; 18-20 bps over interpolated swaps for the $343 million, 2.15-year A3 tranche and 28-30 bps....