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Finance/new Issues ; Computer Leases Back Financing By Sperry

He added that Sperry would continue 3 credit bureaus to earn income from servicing the leases and retain a business relationship with the lessee. The Sperry lease-backed notes have an average maturity of about two and a quarter years assuming no prepayments, with a final maturity in 1991. Interest and principal will be paid monthly to note holders. The move to convert loans into securities is an alternative to the long- established business of buying and selling whole loans.
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