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NEW YORK -(Dow Jones)- Price guidance is out on farm and construction machinery manufacturer CNH Global NV's (CNH, NHL.BE) $822.5 million deal, according to a person familiar with the matter Thursday.

Dubbed CNH 2010-A, the bond is backed by equipment loans.

On the largest triple-A-rated tranche, valued at $303 million, guidance is 30 basis points over interpolated swaps, a benchmark.

Other asset-backed deals that emerged this week include a $580 million bond from Avis Budget Group Inc. (CAR) and a $963 million bond from Ally Auto Receivables Trust.

Issuance of asset-backed deals after a Federal Reserve program supporting the consumer loan-backed market effectively ended earlier this month shows strength in the market. In the past two weeks, deals worth nearly $4 billion have emerged.

The last loan application deadline for the central bank's Term Asset-Backed Securities Loan Facility, or TALF, was Mar. 4. The program helped boost the securitization market by providing low-cost nonrecourse loans to investors to purchase newly created consumer loan-backed bonds.

TALF was a "good idea," was implemented "reasonably and achieved the desired end," said Randall Bauer, senior portfolio manager in the structured-products group at Federated Investors in Pittsburgh. "It was a demonstration to the market that to a certain extent, the Fed and Treasury [Dept.] had confidence in the securitization market."

It also showed that "there was nothing wrong with the securitization market or any financial market, in and of itself," Bauer said.

More than $100 billion in TALF-supported bonds were sold since TALF was launched in March last year. A hopeful sign emerged in November, when issuers sold more deals that did not need TALF funding than those that did. That was the first month non-TALF issuance surpassed those deals propped up by the Fed program.

Year-to-date issuance stands at $30.31 billion, according to data from Citigroup (C). The bulk of this--$15.98 billion--is in the auto sector.

Last year at this time, issuance totaled $4.53 billion.

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