Amer Group to issue EGP 2 bn corporate sukuk

DEBT WATCH- Amer Group to issue EGP 2 bn corporate sukuk: Amer Group will issue its first corporate sukuk offering to the tune of EGP 2 bn and is currently finalizing procedures with the Financial Regulatory Authority, the local press reports, citing an unnamed source. The timing of the issuance has yet to be announced but the source noted that Amer Group will be submitting the paperwork this month.

Advisers: Amer Group signed consumer- and structure-finance player Sarwa Capital and Misr Capital Investments, Banque Misr’s investment arm, as advisors on the corporate sukuk issuance in July.