Arab Finance: CI Capital has completed an EGP 1.645 billion securitized bond issuance for GB Lease, according to an emailed press release.
The issuance consists of three tranches, the first of which is worth EGP 280 million, with a tenor of 13 months and a rating of AA+.
Meanwhile, the second tranche is valued at EGP 790 million with a tenor of 37 months and an AA rating, and the third tranche is worth EGP 575 million and carries a tenor of 56 months and received a rating of A.
CI Capital, Al Ahly Pharos, and Commercial International Bank were the financial advisors, issuance managers, and lead arrangers for the issuance.
KPMG Hazem Hassan Consulting served as the issuance’s financial auditor, while Dreny and Partners was the legal advisor.