South African Taxi Financier Revs Up Zar 4Bln Deal

13 Jun 2008

South Africa’s SA Taxi Finance is rolling out a securitization of taxi leases throughout the country called SA Taxi Securitisation.

--Cristina Pittelli

South Africa’s SA Taxi Finance is rolling out a securitization of taxi leases throughout the country called SA Taxi Securitisation. The deal, worth ZAR4 billion ($471 million), consists of three classes of notes: senior class A bonds, a senior ramp-up facility and mezzanine class C notes. Moody’s ...

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