People's Leasing, NTB issues debentures
Waldock Mackenzie Ltd a fully owned subsidiary and the invest banking
arm of Nations Trust Bank arranged a Rs.600 million worth private
offering of unsecured redeemable debenture issue for People's Leasing
Co. Ltd, a leading specialized leasing company in Sri Lanka.
|
PLC Chief Manager Udesh Gunawardena, PLC Finance and
Administration DGM Sanjeewa Bandaranayake, PLC CEO D P Kumarage,
Nations Trust Bank CEO/Director Saliya Rajakaruna, NTB Treasury
Consultant/Head Mahendra Galgamuwa, NTB Fixed Income Securities
Senior Manager Tharusha Ekanayake, NTB WholeSale Banking Manager
Arosha Liyanaarachchi. |
The core objective of this issue was to finance new lease portfolios
as part of PLC's growth strategy.
This issue is believed to provide effective medium term funding which
in turn allows very attractive medium term returns to investors.
Commenting on this Mahendra Galgamuwa, Consultant / NTB Treasury
Consultant and Head Mahendra Galgamuwa said "NTB and Waldock Mackenzie
Ltd are pleased to be associated with People's Leasing Company in
structuring this transaction as it not only provides a means of funding
for PLC but also a vehicle for our clientele to derive a reasonable
return for their surplus funds.
WML is a provider of integrated capital markets and advisory
solutions to clients.
The company provides a range of investment banking products and
services, including structuring of medium and long-term debt, fund
management and provision of liquidity for Equity Market related
activities.
Waldock Mackenzie is committed to stay at the forefront of innovation
in the market by creating new and unique solutions as the market place
evolves. Nithya Partners facilitated this transaction as the legal
consultants. |
