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Trillion lead manages Sri Lanka’s first ‘Green’ Asset Backed Securitisation

Lakmali Wickremesooriya, Executive Director, Trillion Investments, Sampath Kulatunga Director/CEO, Sampath Jayawardena, Director of Transaction Advisory Services, E&Y, Dimantha Seneviratne, Director/CEO, Pan Asia Bank, Tyrone Hannan, Head – Global Transaction Banking, Deutsche Bank, Kenneth De Zilwa, Chairman, Trillion Investments, Neomal Goonewardena, Partner, Nithya Partners, and A. I. Abdul Wahid, Advisor to Trillion Investments
Lakmali Wickremesooriya, Executive Director, Trillion Investments, Sampath Kulatunga
 Director/CEO, Sampath Jayawardena, Director of Transaction Advisory Services,
E&Y, Dimantha Seneviratne, Director/CEO, Pan Asia Bank,
 Tyrone Hannan, Head – Global Transaction Banking,
Deutsche Bank, Kenneth De Zilwa, Chairman, Trillion Investments,
Neomal Goonewardena, Partner, Nithya Partners,
and A. I. Abdul Wahid, Advisor to Trillion Investments
Trillion
Investments Limited (Trillion), a licensed investment manager, regulated by the
Securities and Exchange Commission of Sri Lanka, advised and lead managed Sri
Lanka’s first “green” asset backed securitisation. Pan Asia Banking Corporation
PLC (Pan Asia Bank), who is making a concerted effort to positively contribute
to reducing carbon footprint in Sri Lanka, fully subscribed to the LKR 750
Million five year Issue.
Kenneth De Zilwa,
Chairman of Trillion Investments Limited, stated “We are proud to have structured
Sri Lanka’s first ‘green’ asset backed securitisation and enjoyed the
experience of associating with Pan Asia Bank, ably led by their CEO Dimantha
Seneviratne, whose dynamism is demonstrated by this bold step toward reducing
carbon footprint in Sri Lanka. We look forward to working with Pan Asia Bank in
the future, and we are sure Trillion will be part of many more firsts as we are
working on a couple of innovative mandates.” Mr. De Zilwa also thanked Tyrone
Hannan Head – Global Transaction Banking at Deutsche Bank, Neomal Goonewardena,
Partner at Nithya Partners and Sampath Jayawardena Director – Transaction
Advisory Services, who enthusiastically worked towards the fruition of this
deal.

Kenneth De Zilwa, Chairman, Trillion Investments
Kenneth De Zilwa, Chairman, Trillion Investments
Commenting on this
venture Pan Asia Bank’s Director/CEO Mr. Dimantha Seneviratne stated that the completion
of this asset backed securitisation transaction is a clear demonstration of the
bank’s commitment to support green initiatives as a responsible corporate citizen
and also to grow the portfolio profitably through sophisticated corporate
debt instruments such as these to boost Sri Lankan debt capital market
instruments.   Mr. Seneviratne further stated that as the bank that
pioneered the Hybrid leasing and lending for solar energy solutions in Sri
Lanka, Pan Asia Bank has always played a pivotal role in championing the green
cause.
The Issue was lead
managed by Trillion led by its CEO Sampath Kulatunga, Deutsche Bank acts as
Trustee and Administrator to the Issue, E&Y was the financial due diligence
advisor and Nithya Partners acted as Legal Counsel to the Issue.
Dimantha
Seneviratne, Director/CEO, Chandrika Ranawaka, Head of Corporate Banking, Richie
Dias, DGM/Head of Treasury and Varuni Egodage, Head of Legal represented Pan
Asia Bank at the briefing, whilst Deutsche Bank was represented by Tyrone
Hannan, Head – Global Transaction Banking, Nithya Partners by their Partner
Neomal Goonewardena, and E&Y by their Director of Transaction Advisory
Services, Sampath Jayawardena.
Lakmali
Wickramasooriya, Executive Director and Sampath Kulatunga Director/CEO, also
represented Trillion at the media briefing.

A. I. Abdul Wahid a
senior Investment professional, with extensive international exposure and
experience, a former CFO – Private Equity Funds at The Abraaj Group, advised
Trillion on the structure of the transaction.

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