VFIN concludes securitisation

Vallibel Finance PLC (VFIN), a registered finance company successfully raised funds through its initial lease and hire purchase securitisation.

The facility was placed amongst institutional investors and raised Rs 150 million for VFIN. Deutsche Bank AG, Colombo Branch is the trustee to the issue while NDB Investment Bank Limited (NDBIB) was the structuring and placement agent to the issue. Vallibel Finance PLC is a subsidiary of Vallibel Investments which holds 72.87 percent of the Share Capital of VFIN. The company obtained a listing in the Colombo Stock Exchange in 2010.