An equipment loan-backed deal that is eligible for funding under the Federal Reserve's program to revive the securitization market is on offer, according to a person familiar with the deal.

The $760.81 million deal dubbed CNH Equipment Trust 2009-B is expected to be sold May 5, which is also the deadline for investors to apply for non-recourse loans to buy such deals under the Term Asset-Backed Securities Loan Facility or TALF.

Barclays Capital and Credit Suisse are joint leads. Banc of America Securities, BNP Paribas and RBS are co-managers.

The bulk of the collateral - 95% - is agricultural collateral.

-By Anusha Shrivastava, Dow Jones Newswires; 201-938-2371; anusha.shrivastava@dowjones.com