NEW YORK - Credit Suisse and First Boston Corp. announced the formation of Credit Suisse Leasing, which will provide equity financing for capital equipment leveraged leases.

The partnership of the Swiss bank and First Boston said it would offer off-balance-sheet financing at significantly lower costs than traditional debt.

Diego Vieli, a member of Credit Suisse's senior management, and David McIlhenny Jr., director of project leasing at First Boston, will oversee the new company.

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