New debt strategy expected to see light in 1Q FY 2025-2026
The strategy includes social and sustainability bond issuances
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The strategy includes social and sustainability bond issuances
The bond matures in 12 months
This marks Egypt’s first securitization backed entirely by a portfolio of SMEs
This stands as Egypt’s second-ever sovereign sukuk issuance, following its maiden sukuk offering back in 2023
The move falls under the group’s securitization program
The issuance also comes as part of the Finance Ministry’s strategy to avoid a rise in interest rates
Each fund provided a USD 10 mn package, with a repayment tenor of five years
The issuance was rated A- by MERIS and is part of a wider securitization program
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