Tasaheel closes EGP 2.5 bn bond issuance: MNT-Halan microfinance subsidiary Tasaheel closed a EGP 2.5 bn corporate bond issuance — Egypt’s largest to date — the company said in a press release(pdf). The issuance came in two tranches with tenors of 12 and 36 months and received a BBB+ investment-grade rating from Middle East Ratings and Investors Service (MERIS).

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What they said: “This issuance supports our ability to meet growing demand for business loans and reinforces the scale and efficiency of our lending operations. It reflects confidence in our business model and our commitment to serving more small and medium-sized businesses across Egypt,” Tasaheel Managing Director Islam Ayyoub said.

Advisors: CI Capital acted as the issuance manager and bookrunner. KPMG served as financial auditor, while Matouk Bassiouny & Hennawy acted as legal counsel.

Tasaheel has been active on the debt market: By our count, this marks Tasaheel’s third bond issuance of the year — the firm kicked off 2025 with a EGP 5.1 bn securitized bond issuance and a month later followed that up with a EGP 7 bn social sukuk issuance.

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