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Tuesday, 29 September 2020

CIAF could bring back its EGP 50 mn sukuk issuance in 1Q2021

Aviation leasing company CIAF could move ahead with its EGP 50 mn sukuk issuance in 1Q2021 if air travel recovers and a second wave of covid-19 cases remains contained, the local press reports, citing unnamed sources with knowledge of the matter. CIAF had put the issuance on ice earlier this year as the pandemic effectively grounded the airline industry. The company had initially planned to revisit the issuance in 4Q2020.

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