Al Ahly Pharos Investment Banking Commercial International Bank Concludes Advisory on GB Lease third Securitization of the first program Issuance Worth EGP 1.661bln

Al Ahly Pharos Investment Banking Commercial International Bank Concludes Advisory on GB Lease third Securitization of the first program Issuance Worth EGP 1.661bln

Al Ahly Pharos Investment banking, one of the subsidiaries of Al Ahly Capital Holding, a leading investment bank in Egypt and Commercial International bank announced today that they as the financial advisor, transaction manager and book-runner collectively and successfully closed GB lease’s third securitization issuance of the first program and seventh overall issue worth EGP 1.661 billion backed by a receivables portfolio of EGP 2.379 billion assigned to Capital Securitization as the issuance’s special purpose vehicle (SPV) by GB Lease (one of GB Auto’s subsidiaries). Remarkably, Al Ahly Pharos, National Bank of Egypt, and CIB acted as the transaction underwriters, while CIB acted as custodian and the placement agent, Dreny & Partners acted as the legal advisor, KPMG as the auditor of the transaction, and MERIS as the rating agency.

Ahmed Heider CEO & Managing Director of Al Ahly Pharos Investment Banking Group has expressed his contentment about the closure and issuance of the transaction and articulated his appreciation to all parties involved in the issuance with tremendous gratitude for the FRA for their continuous efforts and support throughout the transaction process. He also stressed over how the transaction happened because of the on-going good relations with GB Lease as the