Wachovia Securities Led the Sale of the Rule 144a securities, the sources said.

GreatAmerica Leasing, a privately held company based in Cedar Rapids, Iowa, makes and services small- ticket commercial equipment leases to small businesses through a network of office equipment and telephone dealers.

For its fifth securitization, the company pooled more than 32,000 lease contracts on copiers and printers; telephone and fax machines; medical equipment and computer hardware and software, Fitch Ratings said in a presale report on the deal.