Pioneering Sasfin equipment lease deal brought up to date

07 Nov 2003

South African Sasfin Bank Ltd this week began marketing the restructuring of an equipment leases securitisation, via arranger Nedbank.

The original deal was privately placed in 1991, and was regularly tapped, growing from R30m to R620m ($88.6m). The restructuring will use the same SPV, Equipment Rentals Securitisation No 1 ...

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