Banking + Finance

Three banks cover NUCA’s EGP 6 bn securitization bond tranche

by enterpriseam adminEgypt Edition22 July 2019

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Three local banks fully covered the EGP 6 bn of securitization bonds offered by the New Urban Communities Authority (NUCA) last week, Al Mal reported. The National Bank of Egypt, CIB, and the Arab African International Bank covered EGP 2 bn each. This is the first tranche of NUCA’s planned EGP 10 bn issuance of securitization bonds.

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Arab African International Bank BANKING + FINANCE Bonds CIB Finance National Bank of Egypt New Urban Communities Authority securitization

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