CI Capital successfully concludes EGP 15bln securitized bond issuance for New Urban Communities Authority

CI Capital successfully concludes EGP 15bln securitized bond issuance for New Urban Communities Authority

Cairo: CI Capital (CICH.CA), the leading diversified financial services group, announced today the successful conclusion of a c.EGP 15bn securitized bond issuance on behalf of Al Taamir Securitization, the originator of The New Urban Communities Authority (NUCA). CI Capital acted as the financial adviser, the issuance manager, and the lead arranger in the issuance. The issuance comes in 4 tranches: the first valued at EGP 1.7bn, with a tenor of 12 months, received a Prime 1 rating from Middle East Ratings and Investor Services (MERIS). The second tranche, valued at EGP 6.06bn, with a tenor of 36 months, received an AA rating. The third tranche, valued at EGP 5.82bn, with a tenor of 60 months, received a rating of AA-. The fourth tranche valued at EGP 1.41bn, with a tenor of 74 months, received a rating of A-. “This issuance, the second largest ever in the Egyptian debt capital market, proves yet again CI Capital’s unique ability to conclude high-profile transactions. Since the beginning of 2023, CI Capital has completed 7 transactions across ECM, DCM, and M&A, with an aggregated value reaching c.EGP 27bn,” Stated Amr Helal, Chief Executive Officer (Sell-Side) of the Investment Bank at CI Capital. “From advisory