CI Capital closes EGP 3.03B securitized bond issuance for Tasaheel
Updated 11/1/2023 12:21:00 PM
Arab Finance: CI Capital has successfully concluded an EGP 3.03 billion securitized bond issuance for Capital for Securitization, on behalf of Tasaheel Finance, according to an emailed press release on November 1st.
The offering consists of four tranches; the first of which is worth EGP 952 million, carries a tenor of 6 months and the second tranche is valued at EGP 506 million with a tenor of 9 months, received a rating of Prime 1 from Middle East Ratings and Investor Services (MERIS).
Meanwhile, the EGP 541 million third tranche has a tenor of 13 months and a rating of A+, and the EGP 1.036 billion fourth tranche is rated A, and has a tenor of 34 months.
CI Capital was the transaction’s sole financial adviser, issuance manager, and lead arranger.
The issuance's financial auditor was KPMG-Hazem Hassan Consulting, while Matouk Bassiouny and Hennawy acted as the legal counsel.
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