Jameel Finance raises EGP 500 mn in securitized bond issuance
The issuance is part of a wider EGP 4 bn program
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The issuance is part of a wider EGP 4 bn program
The government has already held promotional meetings with investors
The firm will use the fresh capital to scale up its local operations
Proceeds will finance Hassan Allam Construction’s Bab Misr project
The bond was split into two tranches, and will serve to boost the microfinance player’s lending capacity.
The Finance Ministry also intends to issue local debt worth EGP 1.49 tn in the upcoming fiscal year
With local issuances also in the mix, the total figure pencilled in for next fiscal year comes to EGP 3.6…
The issuance brings the total value of securitized bonds issued in Egypt so far this year to EGP 10.8 bn
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