Corplease issues EGP 1.074 bn securitization bonds through five banks

Corporate Leasing Company (Corplease) has issued EGP 1.074 bn in securitization bonds through a five-bank consortium, Al Masry Al Youm reports. The consortium includes CIB, Banque Misr, the National Bank of Egypt, AAIB, and Suez Canal Bank, which acted as managers, promoters, and guarantors. The issuance has been divided into four tranches with 13-month, 3-year, 5-year, and 7-year tenures, an unidentified source tells the newspaper. The Financial Regulatory Authority had approved the issuance last month.