By Richard Leong
March 26, 2001
NEW YORK, March 26 (Reuters) - Northeast Utilities' (NU) (NYSE:NU) Connecticut utility unit on Monday launched
a $1.44 billion stranded cost offering in a subdued U.S. asset-backed securities (ABS) market.
With most of the first-quarter primary business completed, players were busy squaring away their positions prior
to the end of the week, analysts said.
In the secondary sector, a list of seasoned, floating-rate credit card ABS, worth $400 million, was circulated
for bids, market sources said.
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