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Alcatel Deals Some Techie ABS

Perhaps the most notable recent dollar-denominated European deal came from underwriters Citibank and Salomon Smith Barney, which arranged the first global vendor finance securitization outside of the U.S. for French telecoms equipment manufacturer Alcatel.

The transaction was structured using a Citibank-managed, Delaware-based trust called Securitized Vendor Finance 1999-A, which...

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