{"id":542549,"date":"2022-01-03T03:46:09","date_gmt":"2022-01-03T03:46:09","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/03\/corplease-closes-egp-2-4-bn-securitized-bond-issuance\/"},"modified":"2022-01-03T03:46:09","modified_gmt":"2022-01-03T03:46:09","slug":"corplease-closes-egp-2-4-bn-securitized-bond-issuance","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/03\/corplease-closes-egp-2-4-bn-securitized-bond-issuance\/","title":{"rendered":"Corplease closes EGP 2.4 bn securitized bond issuance"},"content":{"rendered":"

<\/a> CI Capital\u2019s leasing arm Corplease has closed a four-tranche EGP 2.4 bn <\/strong>securitized bond issuance<\/strong>, investment bank Misr Capital said in a statement (pdf)<\/a>. The four tranches were rated AA+, AA, AA- and BBB by MERIS.<\/p>\n

Who took part? <\/strong>Banque Misr, Banque du Caire, National Bank of Egypt, CIB, AAIB, Attijariwafa Egypt, Ahli United Bank, ADCB and Al Ahli Bank of Kuwait all got a piece of the issuance.<\/p>\n

Advisors:<\/strong> Misr Capital was the lead manager, coordinator, and financial advisor. Misr Capital and Banque du Caire acted as promoters and arrangers for the issuance. Misr Capital, Banque du Caire, Banque Misr, National Bank of Egypt, CIB and AAIB were co-underwriters. Law firm Zaki Hashem & Partners acted as counsel, while Grant Thornton was the auditor.<\/p>\n

Corplease last tapped the debt markets at the beginning of 2021<\/strong> with a EGP 2.7 bn issuance<\/a>, which was the largest of its kind by a private sector company.<\/p>\n

The pipeline of other transactions is growing: <\/strong>The Financial Regulatory Authority (FRA) said late last month (pdf)<\/a> it would approve 11 sales worth a combined EGP 11.5 bn before the end of 2021. The latest: The regulator has okayed Cairo Housing and Development<\/strong> making its first securitized bond issuance to the tune of EGP 146 mn, and its sister companies making an EGP 190 mn issuance, according to a regulatory filing (pdf)<\/a>. EFG Hermes is financial advisor, lead manager, promoter and underwriter for the program.<\/p>\n

A total of <\/strong>19 <\/strong>securitized bond issuances<\/strong> with a combined value of EGP 15.8 bn went to market last year <\/strong>by our count.<\/strong> Three of those issuances, together worth nearly EGP 1.75 bn, took place last week as the market saw a flurry of activity<\/a> to close out 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"

CI Capital\u2019s leasing arm Corplease has closed a four-tranche EGP 2.4 bn securitized bond issuance, investment bank Misr Capital said in a statement (pdf). The four tranches were rated AA+, AA, AA- and BBB by MERIS. Who took part? Banque Misr, Banque du Caire, National Bank of Egypt, CIB, AAIB, Attijariwafa Egypt, Ahli United Bank, […]<\/p>\n","protected":false},"author":1,"featured_media":542550,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7274],"tags":[136,137,7106,88,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-542549","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-ci-capital","tag-corplease","tag-debt","tag-debt-watch","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"4cd75c45-5faa-47fc-b9de-124f963012cf","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/1\/26.jpg","photo_position":"above","related_issue":[542541],"teaser":"","voice_url":""},"yoast_head":"\nCorplease closes EGP 2.4 bn securitized bond issuance - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/03\/corplease-closes-egp-2-4-bn-securitized-bond-issuance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Corplease closes EGP 2.4 bn securitized bond issuance\" \/>\n<meta property=\"og:description\" content=\"CI Capital\u2019s leasing arm Corplease has closed a four-tranche EGP 2.4 bn securitized bond issuance, investment bank Misr Capital said in a statement (pdf). The four tranches were rated AA+, AA, AA- and BBB by MERIS. Who took part? 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The four-tranche issuance was backed by EGP 3 bn in receivables from leasing contracts. The tranches\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/543.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":558937,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/03\/securitized-bonds-galore\/","url_meta":{"origin":542549,"position":1},"title":"Securitized bonds galore","author":"enterpriseam admin","date":"3 January 2021","format":false,"excerpt":"CI Capital\u2019s Corplease has closed a EGP 2.7 bn securitized bond issuance, the largest of its kind by a private sector company, investment bank Misr Capital said in a statement (pdf) over the weekend. The four-tranche sale was backed by EGP 3.4 bn in receivables from leasing contracts. The bonds\u2026","rel":"","context":"In "DEBT WATCH"","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/1\/18.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":553452,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/05\/securitized-bond-market-is-still-red-hot\/","url_meta":{"origin":542549,"position":2},"title":"Securitized bond market is still red-hot","author":"enterpriseam admin","date":"5 December 2021","format":false,"excerpt":"Palm Hills Development closed on Thursday a four-tranche EGP 1 bn securitized bond issuance, marking the company\u2019s seventh securitized bond since 2016, PHD said in a statement (pdf). The issuance was backed by a EGP 1.05 bn receivables portfolio. The tranches were rated AA+, AA, A+, and A-.Advisors: Sarwa Promotion\u2026","rel":"","context":"In "DEBT WATCH"","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/222.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":559807,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/04\/at-lease-takes-egp-1-bn-securitized-bond-to-market\/","url_meta":{"origin":542549,"position":3},"title":"AT Lease takes EGP 1 bn securitized bond to market","author":"enterpriseam admin","date":"4 February 2021","format":false,"excerpt":"AT Lease has issued its second securitized bond offering worth EGP 1.09 bn after receiving the greenlight from regulators to move forward with the issuance, the company said in an EGX disclosure (pdf) yesterday. The three-tranche issuance, initially slated for 3Q2020, has seen AT Lease offer an initial 13-month EGP\u2026","rel":"","context":"In "DEBT WATCH"","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/2\/87.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":554317,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/29\/globalcorp-tamweel-close-securitized-bond-offerings\/","url_meta":{"origin":542549,"position":4},"title":"GlobalCorp, Tamweel close securitized bond offerings","author":"enterpriseam admin","date":"29 December 2021","format":false,"excerpt":"GlobalCorp issued the first EGP 985 mn tranche of a EGP 5 bn securitized bond program, the non-bank lender announced in a press release. The program is set to be completed by 2023, according to the statement.The issuance includes three tranches with ratings of A+, AA and A, respectively, according\u2026","rel":"","context":"In "DEBT WATCH"","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/542.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":576066,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/09\/corplease-to-hold-record-breaking-egp-2-5-bn-securitized-bond-issuance\/","url_meta":{"origin":542549,"position":5},"title":"Corplease to hold record-breaking EGP 2.5 bn securitized bond issuance","author":"enterpriseam admin","date":"9 November 2020","format":false,"excerpt":"DEBT WATCH- Corplease is planning to issue EGP 2.5 bn of securitized bonds in an offering that will set a new record as the largest private sector issuance in Egypt, Al Mal reports, citing unnamed sources with knowledge of the matter. The story gave no timeline for the transaction, but\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/542549","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=542549"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/542549\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/542541"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/542550"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=542549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=542549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=542549"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=542549"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=542549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}