Banking + Finance

Egypt’s NUCA names managers of planned EGP 10 bn bond securitization

by enterpriseam adminEgypt Edition20 March 2019

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The New Urban Communities Authority has selected EFG Hermes, CIB, National Bank of Egypt, and Arab African International Bank to manage the first tranche of a EGP 10 bn bond securitization of receivables that will be worth about EGP 6 bn, sources tell Al Mal. Sarwa Capital and Banque Misr will manage the remaining EGP 4 bn tranche. The first tranche is expected to take place in 1H2019.

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Arab African International Bank BANKING + FINANCE Banque Misr Contact Financial EFG Hermes National Bank of Egypt New Urban Communities Authority real estate securitization

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