Graphic of the Basement Talk beastLeasing charity
changes

The leasing industry charity
Cancer Journey, which holds its annual dinner in December, is to
merge its activities into Macmillan Cancer Support, after three
years of successful fundraising.

The Leasing Industry
Christmas Charity Lunch raised £6,000 for the charity at the end of
last year, with help from its special guest, former Welsh rugby
union fly half Phillip Bennett.

All surplus funds will be
transferred to Macmillan, one of the UK’s leading cancer support
charities. Projects it will help to support include building the
Sussex Macmillan Cancer Support Centre, based in Brighton, at a
cost of £3.7m.

Cancer Journey’s two main
sponsors, CHP Consulting and IAA-Advisory, will now put their
support behind Macmillan.

The 2011 Leasing Industry
Christmas Charity Lunch will take place 16 December in support of
the charity – so please keep the date free.

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By GlobalData

 

Wales, capital of
bonds

Photo of a Welsh flag on a flagpoleAfter several very
quiet years for the sale of bonds backed by asset finance paper,
few would have expected Wales to become the crucible for a
renaissance in securitisations.

But the wheels appear to be
turning in Cardiff, as hundreds-of-millions worth of loans
processed by major car finance houses in the Welsh capital have
been put forward as backing for loan notes to be sold this
quarter.

First, £246m (€286m) of paper
written by independent motor lender Carlyle Finance, which is
headquartered in Cardiff, was offered by South African owner
FirstRand bank in a bond issue at the turn of the year.

Then, Lloyds Banking
Group-owned finance behemoth Black Horse (which also processes much
of its business in the city) announced in January that it intended
to trade some £568 worth of notes backed by hire purchase
contracts.

With both banks’
triple-A-rated deals looking like they may attract significant
interest in European capital markets, who knew 2011 would be the
year that Wales single-handedly revived the outlook for asset
finance bond trading?