CustomCapitalSPV
Sector: Commercial • Location: South Africa
Source: International Finance Corporation (IFC)
The project consists of IFC supporting the establishment of a securitization program of SME equipment rental contracts originated and serviced by Custom Capital (Pty) Ltd (“CC”), an equipment rental company acquired by Mercantile Bank Limited (“MBL”) in 2011. Initially the portfolio size is proposed to be approx. ZAR 350 million, but is expected to grow over time.Under the project, IFC would purch
Project Information FAQ
Project Information
Want to explore the full details? View the full report
Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | completed |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | The project consists of IFC supporting the establishment of a securitization program of SME equipment rental contracts originated and serviced by Custom Capital (Pty) Ltd (“CC”), an equipment rental company acquired by Mercantile Bank Limited (“MBL”) in 2011. Initially the portfolio size is proposed to be approx. ZAR 350 million, but is expected to grow over time.Under the project, IFC would purchase a ZAR denominated senior note of up to ZAR 240 million to a newly created, bankruptcy-remote SPV. Custom Capital ("CC") would retain the subordinated notes.IFC’s investment ensures initial funding to the SPV with a revolving portfolio of equipment rentals for a period of up to 3 years, after which the programme is expected to issue public securities in the South African capital market. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |
