Wednesday, February 22, 2012

Top Tick Down on the Farm? John Deere Selling Off Receivables ABS (DE)

From the Asset Securitization Report:

John Deere In the Market with Deal
John Deere Capital Corp. is in the market with a transaction worth $998.76 million. The underwriters are JPMorgan Securities and Deutsche Bank Securities. It is from the firm's John Deere Owner Trust 2012....

...The transaction is collateralized by installment contracts and loans originated by John Deere and its subsidiaries. The deal is backed by agricultural equipment, comprising 75% of the initial pool balance, and construction  equipment, making up 25% of the initial pool balance...MORE
Here's the book.