{"id":575507,"date":"2020-10-18T04:16:55","date_gmt":"2020-10-18T04:16:55","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/18\/city-edge-to-issue-egp-600-mn-securitized-bonds-in-2q2021\/"},"modified":"2020-10-18T04:16:55","modified_gmt":"2020-10-18T04:16:55","slug":"city-edge-to-issue-egp-600-mn-securitized-bonds-in-2q2021","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/18\/city-edge-to-issue-egp-600-mn-securitized-bonds-in-2q2021\/","title":{"rendered":"City Edge to issue EGP 600 mn securitized bonds in 2Q2021"},"content":{"rendered":"

<\/a> DEBT WATCH- City Edge plans to issue EGP 600 mn in <\/strong>securitized <\/strong>bonds in <\/strong>2Q2021<\/strong>, CEO Mohamed Makkawy told Al Mal<\/a>. The securities will be backed by 200 units the company has sold in its Etapa project in Sheikh Zayed, he said, adding that the proceeds from the offering will be used to buy more land plots for new projects. The 77-feddan Etapa compound contains 493 residential units, and the company is seeking almost EGP 1.8 bn in loans to construct a hotel and a number of administrative and commercial projects, Makkawy said.<\/p>\n","protected":false},"excerpt":{"rendered":"

DEBT WATCH- City Edge plans to issue EGP 600 mn in securitized bonds in 2Q2021, CEO Mohamed Makkawy told Al Mal. The securities will be backed by 200 units the company has sold in its Etapa project in Sheikh Zayed, he said, adding that the proceeds from the offering will be used to buy more […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[8572],"tags":[82,3202,7106,72,6100,85,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-575507","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-bonds","tag-city-edge","tag-debt","tag-enterpriseam","tag-etapa","tag-securitization","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"f0879889-cdbb-4876-aceb-b73f1b1e1d31","is_powered_by":true,"section_story_id":"e508887d-5561-49ea-a75a-1afba7b99274","story_type":"1","photo_url":"","photo_position":"above","related_issue":[575497],"teaser":"","voice_url":""},"yoast_head":"\nCity Edge to issue EGP 600 mn securitized bonds in 2Q2021 - 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\/2020\/10\/18\/city-edge-to-issue-egp-600-mn-securitized-bonds-in-2q2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"City Edge to issue EGP 600 mn securitized bonds in 2Q2021\" \/>\n<meta property=\"og:description\" content=\"DEBT WATCH- City Edge plans to issue EGP 600 mn in securitized bonds in 2Q2021, CEO Mohamed Makkawy told Al Mal. The securities will be backed by 200 units the company has sold in its Etapa project in Sheikh Zayed, he said, adding that the proceeds from the offering will be used to buy more […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/18\/city-edge-to-issue-egp-600-mn-securitized-bonds-in-2q2021\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-10-18T04:16:55+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/18\/city-edge-to-issue-egp-600-mn-securitized-bonds-in-2q2021\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/18\/city-edge-to-issue-egp-600-mn-securitized-bonds-in-2q2021\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"City Edge to issue EGP 600 mn securitized bonds in 2Q2021\",\"datePublished\":\"2020-10-18T04:16:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/18\/city-edge-to-issue-egp-600-mn-securitized-bonds-in-2q2021\/\"},\"wordCount\":99,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Bonds\",\"City edge\",\"debt\",\"EnterpriseAM\",\"Etapa\",\"securitization\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/18\/city-edge-to-issue-egp-600-mn-securitized-bonds-in-2q2021\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/18\/city-edge-to-issue-egp-600-mn-securitized-bonds-in-2q2021\/\",\"name\":\"City Edge to issue EGP 600 mn securitized bonds in 2Q2021 - 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City Edge is on track for an offering of about EGP 600 mn, backed by 200 units\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":565757,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/28\/palm-hills-taps-market-for-second-securitized-offering-in-less-than-six-months\/","url_meta":{"origin":575507,"position":1},"title":"Palm Hills taps market for second securitized offering in less than six months","author":"enterpriseam admin","date":"28 April 2021","format":false,"excerpt":"Palm Hills Developments has approved a EGP 800 mn securitized bond issuance backed by its receivables, the company said in a regulatory filing (pdf) today. Sarwa Capital has been appointed to manage the issuance. The company was said earlier this year to be looking at an issuance after successfully closing\u2026","rel":"","context":"In "SPEED ROUND: DEBT WATCH"","block_context":{"text":"SPEED ROUND: DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":573956,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/25\/palm-hills-development-to-issue-egp-1-5-bn-of-securitized-bonds-this-year\/","url_meta":{"origin":575507,"position":2},"title":"Palm Hills Development to issue EGP 1.5 bn of securitized bonds this year","author":"enterpriseam admin","date":"25 August 2020","format":false,"excerpt":"Palm Hills Development to issue EGP 1.5 bn worth of securitized bonds this year: Palm Hills Developments (PHD) is planning on issuing EGP 1.5 bn of securitized bonds before 2020 closes out as the company looks to capitalize on low interest rates and reduce its debt exposure by settling outstanding\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":[]},{"id":620431,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/21\/valu-raises-egp-617-mn-in-securitized-bonds\/","url_meta":{"origin":575507,"position":3},"title":"Valu raises EGP 617 mn in securitized bonds","author":"enterpriseam admin","date":"21 May 2024","format":false,"excerpt":"The issuance is part of a EGP 9 bn extended program and the ninth overall","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\/2024\/5\/1606.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":557272,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/egylease-to-issue-egp-750-mn-in-securitized-bonds\/","url_meta":{"origin":575507,"position":4},"title":"EgyLease to issue EGP 750 mn in securitized bonds","author":"enterpriseam admin","date":"13 September 2021","format":false,"excerpt":"Financial leasing company EgyLease is working to issue EGP 750 mn in securitized bonds, a move that is being carried out by Misr Capital and state-affiliated securitization firm Al Taamir, Al Taamir Chairman Mazen Hassan told Hapi Journal, without providing further details. 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