Investec achieves further securitisation in challenging market
Investec Capital Markets has successfully arranged its second securitisation transaction in two consecutive weeks. In the third publicly placed securitisation this year, Investec issued R1 billion of Notes under its Private Residential Mortgages (
This issue, comprising classes AAA to BBB, follows a R849 million Equipment Lease Securitisation for Fintech (Pty) Ltd last week. “Investec is extremely pleased with the funding rates together with the term of the funding raised in this transaction” said John Paterson of Investec Capital Markets. “Offshore markets remain extremely tough at present, and the fact that we have arranged two local issuances in as many weeks indicates that the South African market remains receptive to this asset class and confident in the underlying credit.”
This issue, comprising classes AAA to BBB, follows a R849 million Equipment Lease Securitisation for Fintech (Pty) Ltd last week.
“Investec is extremely pleased with the funding rates together with the term of the funding raised in this transaction” said John Paterson of Investec Capital Markets. “Offshore markets remain extremely tough at present, and the fact that we have arranged two local issuances in as many weeks indicates that the South African market remains receptive to this asset class and confident in the underlying credit.”
