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Asta Funding unit completes private placement note offering
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Asta Funding Inc.unit CBC Settlement Funding LLC has completed a private placement note offering.
CBC, through its subsidiary BBRVI LLC, issued about $14.8 millionof fixed-rate, asset-backed notes with a yield of 4.85%. The notes are collateralizedby payments stemming from rights arising under court-ordered structured settlements,court-ordered lottery payments and single premium investment annuities originatedby CBC.