DEBT WATCH- Sarwa closes two-tranche EGP 1.8 bn securitized bond issuance: Structured- and consumer-finance player Sarwa Capital has issued EGP 1.8 bn of securitized bonds on behalf of Contact Auto Credit and its subsidiaries, Hapi Journal reports. The issuance consists of two tranches underwritten by a group of unnamed banks. Contact, a Sarwa subsidiary, was awarded Egypt’s first consumer finance license last month.

Tags: