CI Capital’s micro-financing arm raises EGP 884 mn in second securitization issuance
The three-tranche issuance had tenors ranging from 6-18 months
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The three-tranche issuance had tenors ranging from 6-18 months
The transaction marks Tasaheel’s third bond issuance as part of the program, which kicked off in January
PLUS- The EBRD will provide CIB with a EUR 25 mn unfunded financial guarantee for SME loans
CIB, Banque Misr, and the National Bank of Egypt led the syndicate of 13 banks
The Middle East Rating and Investors Service is currently the country’s only rating agency
The three-tranche issuance has tenors ranging from 12-48 months
Sustainable sukuk issuances in the region remained essentially flat at USD 6.1 bn in 9M 2024
This is the second issuance in a wider EGP 3 bn program
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