Palm Hills Development (PHD) is considering increasing its securitized bond issuance to EGP 1.6 bn from EGP 500 mn, PHD Chairman Yassin Mansourtells Al Borsa. The company is looking into making the first issuance of EGP 800 mn in February 2018, and have the second half in mid-2018, he added. PHD had said last month that it was planning to delay the issuance until the CBE’s Monetary Policy Committee reduces interest rates. With inflation dropping to 26% in November, the company clearly sees interest rates falling before February. Mansour added in statements to Daily News Egypt that no one has been appointed manager or advisor on the bond issuances yet.

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