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Nomura International has launched a $550 million asset-backed bond to part-finance its L672.5 million acquisition ($1 billion) of Angel Train Contracts (see Asset Finance & Leasing Digest December/January 1996 page 8).Joint venture partners in the acquisition are Babcock & Brown and Prideaux Associates. The rolling stock company has subsequently been renamed the Great Rolling Stock Holding Company.
The notes are being...