CI Capital successfully concludes securitized bond issuance worth EGP 1.1bln for Al Tameer Mortgage Finance – Al Oula

CI Capital successfully concludes securitized bond issuance worth EGP 1.1bln for Al Tameer Mortgage Finance – Al Oula

Cairo: CI Capital (CICH.CA), the leading diversified financial services group, announced today the successful conclusion of an EGP 1.1 bn securitized bond issuance on behalf of Al Tameer Securitization, the originator of Al Tameer Mortgage Finance.

The issuance comes in three tranches: the first valued at EGP 196 mn, with a tenor of 13 months at an AA+ rating from Middle East Ratings and Investor Services (MERIS). The second tranche, valued at EGP 593 mn, with a tenor of 37 months, received an AA rating. The third tranche, valued at EGP 419 mn, with a tenor of 53 months, received a rating of A.

“Investors' increased appetite for debt issuances as a source of diversification and investment into attractive yield products and the continued increase in awareness among companies regarding the flexible financing solutions that these issuances avail, have all contributed to a sustainable growth in the Egyptian debt capital market. CI Capital as a leading player in the space will continue to play a leadership role in further developing the breadth and depth of the market with innovative structures and solutions for issuers and investors,” Stated Amr Helal, Chief Executive Officer (Sell-Side) of the Investment Bank at CI Capital.

“CI Capital looks