• Tuesday, 14 September 2021

    Valu kicks off EGP 2 bn securitization program + Fawry eyes consumer finance space

    EFG Hermes’ consumer finance subsidiary Valu has kicked off its EGP 2 bn securitization program with a EGP 323 mn bond issuance, according to a statement (pdf) yesterday from the financial services corporation, whose advisory arm managed the issuance. The...
  • Monday, 13 September 2021

    EgyLease to issue EGP 750 mn in securitized bonds

    Financial leasing company EgyLease is working to issue EGP 750 mn in securitized bonds, a move that is being carried out by Misr Capital and state-affiliated securitization firm Al Taamir, Al Taamir Chairman Mazen Hassan told Hapi Journal, without providing...
  • Wednesday, 18 August 2021

    Raya’s Aman to tap debt market this year

    Raya Holding subsidiary Aman intends to issue EGP 500 mn of securitized bonds before the end of 2021, a source at Raya told us, confirming a story in Al Mal. The bonds will be issued by consumer finance company Aman...
  • Monday, 26 July 2021

    EFG Hermes closes fifth securitized bond sale for Premium International

    EFG Hermes closes EGP 211 mn securitized bond issuance for Premium International: EFG Hermes has completed the fifth tranche of Premium International's EGP 2 bn short-term securitized bond program, EFG Hermes said in a statement (pdf). The EGP 211 mn...
  • Sunday, 13 June 2021

    TONIGHT: We’re waiting on Egypt's draft budget. + More from G7 summit. ALSO: Eastern Company isn’t selling securitized bonds.

    Good afternoon friends, and welcome to the start of another busy work week. Between the G7 meetings and the heads of African investment promotion agencies meeting, there was plenty for us to pick out.THE BIG STORY TODAY- French-Egyptian ties took...
  • Sunday, 7 February 2021

    Who doesn’t love a little bit of debt?

    Banks dominate AT Lease securitization: Banks snapped up all of AT Lease’s EGP 1.1 bn securitized bond offering last week, with Suez Canal Bank coming out on top with a EGP 300 mn investment, Hapi Journal reported, citing unnamed sources....
  • Wednesday, 27 January 2021

    Misr Italia, City Edge lining up securitized issuances worth a combined EGP 1.6 bn

    Al Taamir for Securitization is gearing up to take to market securitized bonds for Misr Italia and City Edge worth a combined EGP 1.6 bn, Al Taamir Chairman Mazen Hassan tells Hapi Journal. City Edge is on track for an...
  • Wednesday, 20 January 2021

    Everybody loves debt…

    A fresh EGP 170 mn securitized bond issuance EFG Hermes is looking to take to market should soon get regulatory approval, Financial Regulatory Authority head Mohamed Omran said yesterday, according to Hapi Journal. The FRA hopes to increase debt instrument...
  • Thursday, 14 January 2021

    Palm Hills tapping Al Taamir for securitization?

    Al Taamir is in talks to manage Palm Hills Developments’ (PHD) planned EGP 650 mn securitized bond issuance, which is expected to go to market this quarter, Al Taamir Chairman Mazen Hassan tells Al Mal. Al Taamir — a special...

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