ArabFinance: Corporate Leasing Company Egypt (Corplease) intends to issue EGP 2.5 billion of securitized bonds during the coming period, Al Mal News reported on November 8th.
The company has already taken steps in addressing the Financial Regulatory Authority regarding the potential offering, which is allegedly going to “set a new record as the largest private sector issuance in Egypt,” sources told the news portal.
Misr Capital, the investment arm of state-run Banque Misr, will lead the issuance, according to the sources.
Last year, Corplease issued securitization bonds of EGP 1.4 billion through a consortium of five banks.
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