Peoples Leasing Company (PLC) is looking to strengthen its top position in the leasing market, with an ambitious plan to penetrate deeper into the growing operating lease segment.
Inrnthe absence of cheap pools of funds to draw on, the leasing giant is alsorntapping the local capital markets to borrow against their cashflows, usingrnsecuritised paper.
Therncompany has already securitised over Rs. 1.4 bn of its future cash flows duringrnthe financial year ending March 31, 2003. Since then, PLC has raised another Rs