Corplease, Qasatli are hitting the debt markets again

CI Capital’s leasing arm Corplease will go ahead with a securitized bond issuance worth more than EGP 3 bn before the end of the year, sources close to the transaction tell Al Shorouk. The sale is being managed by Misr Capital and CI Capital, which sources say have already begun preparations. Corplease last tapped the debt markets at the beginning of this year with a EGP 2.7 bn issuance.

Mortgage lender Qasatli is planning an EGP 1 bn issuance of securitized bonds in early 2022, Managing Director Mohamed Youssef tells Al Mal. The sale is part of a plan Qasatli, Amer Group, and Porto Group have to sell EGP 6.5 bn of asset-backed securities over the next few years under a program managed and promoted by EFG Hermes. Qasatli took a EGP 700 mn securitized bond issuance to market at the end of last year, followed by another EGP 700 mn bond sale from Qasatli and four Amer Group companies in January.