South Africas securitisation market looks promising

The South African securitisation market experienced record growth in 2006 due to banks using this tool to fund growth in their consumer lending books. According to the rating agency Moody's, there is scope for the banks to do a lot more securitisation in

"Total issued volumes increased 44% last year to R31,7bn, in 17 transactions, Moody's says in its annual review of SAs structured finance.

Bond market analysts say that although securitisation showed fastest growth in percentage terms, the corporate bond market as a whole reached record levels, with R70bn of new corporate bonds and securitisation issues listed on the bond exchange last year."

- Information courtesy of the Business Day, 30/1/2007

 It seems that securitisation and debt capital markets have generated a lot of interest recently and has experienced immense growth.  More than 60% of this growth can be attributed to the balance sheets of South Africas major banks, all of which are repeat issuers.

Growth and innovation continue to be the big 'keywords' when it comes to securitisation and debt capital markets in South Africa. Securitisation World 2007 is the "next generation" of securitisation and will address serious issues plaguing the industry. The conference takes place from 24 27 July at the Sandton Convention Centre, Johannesburg and hosts a variety of industry experts addressing current issues, including:

* Reynold Leegerstee, Moodys Investor Services, South Africa will discuss "understanding the meaning and purpose of credit risk and ratings"
* Garth Greubel, Bond Exchange of South Africa will discuss "the state of the South African securitisation and capital markets"
* Arvind Bajaj, Credit Suisse, United Kingdom will discuss "capitalising on the explosive growth of real estate securitisation"

For more information visit www.terrapinn.com/2007/secza