South African Shop Closes First Lease ABS

South Africa’s Merchant Asset Finance, a subsidiary of Merchant West Holdings, has closed its first securitization of equipment leases.

  • 13 Oct 2008

--Cristina Pittelli

South Africa’s Merchant Asset Finance, a subsidiary of Merchant West Holdings,has closed its first securitization of equipment leases. The ZAR500 million ($54 million) MW Asset Rentals is backed by 150 contracts to clients to refinance leases for office equipment, including fax machines, photocopiers and computer printers. ...

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