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Capital Reach Leasing securitises lease receivables



AGREEMENT: Chairman Capital Reach Leasing Mayura Fernando exchanging the Trustee agreement with Head of Trust and Securities Services of the Deutsche Bank Tyronne Hannan.

LEASING: Capital Reach Leasing Limited securitised its first batch of lease receivables and raised Rs. 85Mn by the issuance of a securitised paper structured by NDB Investment Bank, National Savings Bank and NDB Bank invested in the paper.

The Chairman of CRLL Mayura Fernando said "The Company's equity doubled over the last 9 months and with improved profitability and excellent debt service ratios we're well positioned to borrow from the market now, to fund the growth of the lease portfolio".

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