• Wednesday, 5 January 2022

    GB Leases returns to securitization market with EGP 4.3 bn sale

    GB Lease has completed the sale of EGP 4.3 bn of securitized bonds to investors, according to a statement (pdf) from CIB, which worked on the transaction. The leasing arm of GB Auto sold the securities in two separate issuances...
  • Sunday, 5 December 2021

    Securitized bond market is still red-hot

    Palm Hills Development closed on Thursday a four-tranche EGP 1 bn securitized bond issuance, marking the company’s seventh securitized bond since 2016, PHD said in a statement (pdf). The issuance was backed by a EGP 1.05 bn receivables portfolio. The...
  • Monday, 29 November 2021

    GB Lease gears up for new securitized bond issuance

    GB Auto’s financial leasing arm, GB Lease, is planning to take a multi-tranche EGP 1.6 bn securitized bond issuance to market in December, Al Shorouk reports, citing unnamed sources in the know. CIB is acting as primary lead manager for...
  • Wednesday, 21 April 2021

    Aldar to begin DD on Sodic “within days” -Magued Sherif

    The UAE’s Aldar Properties is expected to begin due diligence on EGX-listed Sodic “within days” as it seeks a majority stake in the upmarket real estate developer, SODIC chief Magued Sherif said in an interview with Al Arabiya (watch, runtime:...
  • Sunday, 3 January 2021

    Securitized bonds galore

    CI Capital’s Corplease has closed a EGP 2.7 bn securitized bond issuance, the largest of its kind by a private sector company, investment bank Misr Capital said in a statement (pdf) over the weekend. The four-tranche sale was backed by...
  • Thursday, 19 November 2020

    GB Lease eyes last-minute securitized bond issuance in 2020

    DEBT WATCH- GB Lease eyes last-minute 2020 securitized bond issuance: Ghabbour Auto’s financial leasing arm, GB Lease, could potentially issue EGP 1 bn in securitized bonds before the year is out to finance the expansion of its leasing activities, a...
  • Monday, 18 March 2019

    GB Lease in talks with banks for EGP 800 mn loan

    GB Lease is in talks with banks to get an EGP 800 mn loan to increase liquidity and finance operations, Al Mal reports. GB Lease approached CIB, National Bank of Egypt, and Arab African International Bank for a loan with...

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