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GB Corp’s Drive closes EGP 1.4 bn securitized bond issuance
The issuance is the first in a three-year EGP 5 bn securitization program
Beltone signals new push into securitization, closes first factoring transaction
This marks Beltone’s first factoring agreement since obtaining its license in September
IFC backs SME on-lending with USD 50 mn shariah-compliant facility to Al Baraka Bank. PLUS: News from Visa, Valu, and Partment.
DEBT- Al Baraka lines up shariah-compliant financing from IFC: The International Finance Corporation (IFC) has agreed to lend USD 50…
FinMin looks to India for potential bond offering, could tap up to USD 1 bn in separate “sustainability bonds” next year
Egypt has been shut out of Western capital markets, forcing it to turn to to more unconventional sources of finance
THIS EVENING: We might have our first bond issuance in India to raise FX from the sub-continent’s capital markets in 2024
Good afternoon, friends and Happy Monday. We hope you’re off to a smooth start this week as our local news…
Budget deficit almost doubles in 1Q FY 23-24
Public finances are being squeezed by rising borrowing costs, which has caused the government’s interest bill to spike 120% y-o-y
CIB secures USD 148 mn in financing from AfDB to support SMEs
The African Development Bank (AfDB) has approved a USD 148 mn financial package for CIB, which will be used to…
We have a lot of foreign debt to repay next year
That’s more than a quarter of the country’s total external debt
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