Centrafin celebrates a major milestone with its successful R3 Billion JSE-listed Lease Receivables Backed Securitisation Note Programme Launch

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Centrafin proudly marks a significant milestone

Centrafin, a specialist in asset finance for established businesses—including small and medium enterprises (SMEs)—has launched and listed a R3 billion lease receivables backed securitisation note programme on the Interest Rate Market of the Johannesburg Stock Exchange (JSE). The inaugural issuance of ZAR790 million drew strong interest and demand from institutional investors as it was 1.5x oversubscribed. This new funding strengthens Centrafin’s ability to provide essential asset finance solutions to South Africa’s SMEs, the vital businesses that drive economic growth and create jobs.

Centrafin proudly marks a significant milestone with the launch of its R3 billion JSE-listed lease receivables backed securitisation Programme, Centrafin Asset Rentals (“CAR”).

The success of the inaugural note auction of R790 million is layered: two notes, rated AAA(ZA)(sf) and A+(ZA)(sf) respectively by GCR Ratings, were offered to the market and oversubscribed 1.5 times. This is testament to the confidence investors have in Centrafin’s track record and strategy.

This achievement was made possible by the exceptional partnership Centrafin has cultivated with Nedbank Corporate and Investment Bank. They acted as sole Mandated Lead Arrangers for the programme and issuance. Their expertise, drawn from a decade-long relationship with Centrafin, played a crucial role in guiding the transaction to success. Their deep understanding of the business coupled with the investment landscape, allowed them to engage effectively with investors and negotiate favorable terms.

Centrafin would also like to extend its gratitude to its new investors. Through their partnership, Centrafin can empower South Africa’s SME sector—an area that remains underserved by the traditional banks. Their involvement helps drive the success of Centrafin’s clients and strengthens the broader economy.

Centrafin would also like to extend its gratitude to its new investors. Through their partnership, Centrafin can empower South Africa’s SME sector—an area that remains underserved by the traditional banks. Their involvement helps drive the success of Centrafin’s clients and strengthens the broader economy.

By securing this funding, Centrafin has further solidified its long-term strategy to enhance its ability to provide more asset finance solutions to South Africa’s SMEs.

With over R8 billion in asset finance transactions originated over the past 15 years, Centrafin has already helped more than 30 000 SME clients. This funding allows Centrafin to continue supporting the backbone of the South African economy by enabling SMEs to access the capital they need to grow, scale, and thrive.
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