| Business Times |
|
NDB Investment Bank structures largest securitisation in Sri Lanka |
From left --Ms. Avanthi Dissanayake (NDBIB), Prasad Ubeysekara (PLC), Udesh Gunawardane (PLC), Sanjeewa Bandaranayake (PLC - DGM), D. P Kumarage (PLC - CEO), Vajira Kulatilaka (CEO - NDB Investment Banking Cluster), Tyrone Hannan (Deutsche Bank AG - Head, Global Transaction Banking), Darshan Perera (NDBIB -CEO), Ravi Goonetilleke (Deutsche Bank AG - Head, Operations), Dilan Jesudason (Deutsche Bank AG), Ms. Eshani Thenuwara (NDBIB) and Ms. Kaushini Laksumanage (NDBIB -COO) |
People’s Leasing Company Limited (PLC) successfully raised Rs. 1.4 billion through the issuance of a Hire Purchase and Lease Receivables Securitisation, the largest securitisation in the industry to date in Sri Lanka.
NDB Investment Bank Limited (NDBIB) acted as the structuring and placement agent to the issue with Deutsche Bank AG, Colombo Branch acting as the Trustee. The funds were raised through several investors including a consortium of Banks and few Provident Funds, NDBIB said.
It was also responsible for structuring the previous largest securitisation in the country, that too on behalf of PLC. |
|
|
|
E-mail
