Empower your business in Sri Lanka and internationally with Prifinance expert corporate and financial services. Streamline company formation and investment opportunities with our tailored advice and solutions.

Lease Backed

Aug 05, 2008 (LBO) - Sri Lanka's Assetline Leasing, unit of David Pieris Motor Company has raised 100 million rupees by securitizing vehicle leases, NDB Investment Bank which structured the issue said.

Assetline provides leasing, hire purchase and dealer financing and has 13 branches and 8 service centres.

buy finasteride online finasteride online no prescription

It was incorporated in 2003 and had a market share 2.
buy fildena online buy fildena online no prescription
63 percent in the financial year 2006/07 according to the Leasing Association of Sri Lanka, NDB Investment Bank said.

David Peiris has the agency for Baja three wheelers and motorcycles and Cherry automobiles in Sri Lanka.

buy bactroban online bactroban online no prescription

Assetline is held through DPMC Financial Services (Pvt) Ltd, which holds almost 100 percent of its equity, NDB Investment Bank said.

The transaction was backed mainly with three-wheeler leases, an official said.

The rate was not disclosed, but the issue was placed outside the commercial banking sector, NDB Investment Bank said.

The trustee for the issue was Deutsche Bank.

buy amoxicillin online amoxicillin online no prescription

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
Top
0
Would love your thoughts, please comment.x
()
x