Courts launches landmark securitisation

Southeast Asia’s largest electrical and furniture retailer has launched the region’s first-ever multi-jurisdiction, multi-currency and multi-seller securitisation.

Courts launches landmark securitisation

Courts Asia has launched a multi-jurisdiction, multi-currency and multi-seller securitisation programme that could jumpstart the nascent Asia asset securitisation market and set a benchmark for others to tap cheaper funding sources.

The retailer’s three-year programme is split into two tranches via subsidiaries Courts Malaysia and Courts Singapore a M$430 million $133 million trance and a S$150 million $121 million tranche, according to a source.

The total financing amount will vary month-to-month based...

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