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Tuesday, 19 May 2020

NUCA’s EGP 4 bn securitized bond issuance named Africa securitization transaction of the year

The Banker names NUCA’s EGP 4 bn securitized bond issuance as Africa’s securitization transaction of the year: The Banker, a sister publication of the Financial Times, has recognized Sarwa Capital and Banque Misr’s EGP 4 bn securitized bond issuance on behalf of the New Urban Communities Authority (NUCA) as the securitization transaction of the year in its Africa edition of the accolades. The European Bank for Reconstruction and Development poured EGP 500 mn in the bond and was the sole international investor participating in the issuance, according to a statement from the institution.

Our friends at ALC Alieldean Weshahi & Partners were legal advisors for the issuance.

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