The New Urban Communities Authority (NUCA) is reviewing offers from two local consortiums who are looking to manage its upcoming securitized bond issuance, unnamed sources from NUCA told Al Shorouk. The authority received offers from a consortium made up of Banque Misr and Sarwa Capital, and another comprised of the National Bank of Egypt and HSBC, who are competing for a EGP 3-4 bn issuance. The issuance means to help NUCA boost liquidity. Details on the timeline were not disclosed.

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