GB Auto’s financial leasing arm, GB Lease, is planning to take a multi-tranche EGP 1.6 bn securitized bond issuance to market in December, Al Shorouk reports, citing unnamed sources in the know. CIB is acting as primary lead manager for the issuance. The sale follows a separate issuance in January, when GB Lease took a triple-tranche EGP 2.04 bn issuance to market.

The securitization market has been showing signs of warming up again: In the past two months, CI Capital’s leasing arm Corplease, consumer lender valU, real estate developer Palm Hills, mortgage lender Qasatli, and EFG Hermes Corp-Solutions have all announced plans for fresh issuances.

Also coming this quarter: We’re expecting Corplease to close a EGP 3+ bn issuance and GlobalCorp to sell EGP 1.1 bn of asset-backed securities before the end of the year.

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