• Wednesday, 13 January 2021

    Amer, TMG tap securitized bond market

    Amer, Qasatli sell EGP 700 mn of asset backed securities: EFG Hermes has closed a EGP 700 mn sale of securitized bonds on behalf of four Amer Group companies and Omar Amer’s mortgage lender Qasatli, the investment bank said yesterday...
  • Wednesday, 6 January 2021

    CIB’s securitization streak

    CIB is “very bullish” on the outlook for Egyptian securitized bonds and is planning to continue tapping the market, our friends at the leading private sector bank tell us. CIB wrapped 2020 with a combined EGP 12 bn-worth of successful...
  • Tuesday, 5 January 2021

    AT Lease gears up for new securitization

    AT Lease gets preliminary approval for 1Q2021 securitized bond sale: AT Lease is looking to issue securitized bonds before the end of the quarter after receiving an early go-ahead from regulators, the company said in an EGX filing (pdf). The...
  • Sunday, 27 December 2020

    TMG tapping securitized bond market again

    Talaat Moustafa Group (TMG) subsidiary Al Rehab Securitization plans to issue EGP 885 mn in securitized bonds to finance the development of TMG’s real estate projects, sources told Al Shorouk. No further details on the timeline for the issuance were...
  • Sunday, 29 November 2020

    Sarwa sukuk sets record as biggest yet + first for an NBFS player

    Egypt now has a sukuk issuance by a non-banking financial services player under its belt after Sarwa Capital closed its EGP 2.5 bn issuance, according to an EGX disclosure (pdf) Thursday. The sharia-compliant security carries a seven-year tenor and will...
  • Wednesday, 25 November 2020

    The debt market is really heating up heading into 2021

    DEBT WATCH- The debt market is really heating up heading into 2021: Two securitized bond offerings worth a combined EGP 4 bn are going to market before the end of the year, said Khalil El Bawab, the CEO of Banque...
  • Sunday, 15 November 2020

    AT Lease pushes securitized bond issuance to 2021

    DEBT WATCH- AT Lease pushes securitized bond issuance to 2021: AT Lease is looking at a securitized bond issuance in 2021, CEO Tarek Fahmy told local press. Fahmy previously said the company would securitize EGP 1 bn of its portfolio...
  • Tuesday, 10 November 2020

    Enterprise Explains: Securitized Bonds

    Enterprise Explains: Securitized Bonds. With a record-breaking offering about to hit the market, securitized bonds are becoming an increasingly popular method of debt finance among real estate and consumer finance companies — private-sector and government-owned alike. Sarwa, Madinet Nasr Housing,...
  • Monday, 9 November 2020

    Corplease to hold record-breaking EGP 2.5 bn securitized bond issuance

    DEBT WATCH- Corplease is planning to issue EGP 2.5 bn of securitized bonds in an offering that will set a new record as the largest private sector issuance in Egypt, Al Mal reports, citing unnamed sources with knowledge of the...

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