Arab Finance: CI Capital has closed an EGP 843 million securitized bond issuance for Bedaya, an emailed press release revealed.
The issuance came in four tranches, the first of which is worth EGP 93 million, with a tenor of 13 months and a rating of AA+.
Meanwhile, the second tranche is valued at EGP 307 million with a tenor of 37 months and an AA rating, and the third tranche is worth EGP 305 million and carries a tenor of 60 months and received a rating of A.
The fourth tranche is valued at EGP 138 million, with a tenor of 77 months and an A rating.
CI Capital served as the sole financial advisor, issuance manager, and lead arranger, while KPMG Hazem Hassan Consulting acted as the issuance’s financial auditor.
Barakat, Maher & Partners and Clyde & Co were the legal advisors.