PHOTO
Egypt's pound notes are pictured in stacks of 100 as employees count money at an exchange office in downtown Cairo June 5, 2014. Amr Abdallah Dalsh
CI Capital has concluded a securitization bond issuance, on behalf of Aman Securitization Company, for Aman Consumer Finance at a value of EGP 1.29 billion, as per an emailed press release.
The securitization, issued in six tranches, marks the fifth issuance of a wider three-year program worth EGP 5 billion.
The first tranche is valued at EGP 231.2 million, with a tenor of six months, while the second one is worth EGP 266 million, with a tenor of 12 months.
Both tranches received a Prime 1 rating from Middle East Ratings and Investor Services (MERIS).
The third tranche is valued at EGP 313 million, with a tenor of 24 months, receiving a rating of AA, whereas the fourth one is worth EGP 202 million, with a tenor of 36 months, receiving a rating of AA-.
The fifth tranche, valued at EGP 175 million, has a tenor of 48 months and received a rating of A+, while the sixth one, valued at EGP 110 million, has a tenor of 60 months and received a rating of A.
CI Capital served as the sole financial advisor, issuance manager, bookrunner, and lead arranger for the deal.
Zaki Hashem & Partners was legal advisor, while United for Auditing, Tax, Advisory & Financial Services (UHY) acted as the issuance’s financial auditor.
© 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).