{"id":578063,"date":"2022-12-14T04:00:43","date_gmt":"2022-12-14T04:00:43","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/premium-card-issues-egp-201-mn-in-securitized-bonds\/"},"modified":"2022-12-14T04:00:43","modified_gmt":"2022-12-14T04:00:43","slug":"premium-card-issues-egp-201-mn-in-securitized-bonds","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/premium-card-issues-egp-201-mn-in-securitized-bonds\/","title":{"rendered":"Premium Card issues EGP 201 mn in securitized bonds"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>Premium Card closes seventh securitized bond issuance:<\/strong> Consumer finance firm <a href=\"https:\/\/premiumcard.net\/\">Premium International for Credit Services<\/a> (Premium Card) has issued EGP 200.6 mn worth of securitized bonds, our friends at EFG Hermes, which advised on the transaction, said in a <a href=\"https:\/\/ent.news\/2022\/12\/EFG-Hermes-Premium-Seventh-Issuance-English.pdf\">statement (pdf)<\/a> yesterday. The bond was issued in a 10-month tranche with a Prime-1 rating and a three-year tranche with an A rating from Middle East Rating Services (MERIS).<\/p>\n<p><strong>Premium is now more than halfway through its EGP 2 bn securitization program: <\/strong>The company has issued two-thirds (c. EGP 1.3 bn) of the program it began in <a href=\"https:\/\/enterprise.press\/stories\/2019\/10\/30\/raya-signs-off-on-issuing-securitized-bonds-worth-egp-500-mn\/\">October 2019<\/a>.<\/p>\n<p><strong>Advisors: <\/strong>EFG Hermes was the sole financial advisor, sole transaction manager, and bookrunner, underwriter, and arranger on the issuance. CIB and the National Bank of Egypt acted as underwriters.<\/p>\n<p><strong>2022: The year of securitization. <\/strong>The total value of securitized bond issuances brought to market this year now stands at some EGP 45.4 bn, almost triple the EGP 15.8 bn taken to market last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Premium Card closes seventh securitized bond issuance: Consumer finance firm Premium International for Credit Services (Premium Card) has issued EGP 200.6 mn worth of securitized bonds, our friends at EFG Hermes, which advised on the transaction, said in a statement (pdf) yesterday. The bond was issued in a 10-month tranche with a Prime-1 rating and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":578064,"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":[514,88,84,72,595,6457,85],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-578063","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-consumer-finance","tag-debt-watch","tag-efg-hermes","tag-enterpriseam","tag-non-banking-financial-services","tag-premium-international","tag-securitization","wpautop","entry"],"acf":{"mongo_id":"a4c068c5-e5af-4d15-9745-a7c73ec1ac73","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/12\/293.jpg","photo_position":"above","related_issue":[578050],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Premium Card issues EGP 201 mn in securitized bonds - 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\/12\/14\/premium-card-issues-egp-201-mn-in-securitized-bonds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Premium Card issues EGP 201 mn in securitized bonds\" \/>\n<meta property=\"og:description\" content=\"Premium Card closes seventh securitized bond issuance: Consumer finance firm Premium International for Credit Services (Premium Card) has issued EGP 200.6 mn worth of securitized bonds, our friends at EFG Hermes, which advised on the transaction, said in a statement (pdf) yesterday. The bond was issued in a 10-month tranche with a Prime-1 rating and [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/premium-card-issues-egp-201-mn-in-securitized-bonds\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-14T04:00:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/293.jpg?fit=%2C&ssl=1\" \/>\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\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/premium-card-issues-egp-201-mn-in-securitized-bonds\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/premium-card-issues-egp-201-mn-in-securitized-bonds\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Premium Card issues EGP 201 mn in securitized bonds\",\"datePublished\":\"2022-12-14T04:00:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/premium-card-issues-egp-201-mn-in-securitized-bonds\/\"},\"wordCount\":163,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/premium-card-issues-egp-201-mn-in-securitized-bonds\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/293.jpg?fit=%2C&ssl=1\",\"keywords\":[\"consumer finance\",\"debt watch\",\"EFG Hermes\",\"EnterpriseAM\",\"non-banking financial services\",\"Premium International\",\"securitization\"],\"articleSection\":[\"DEBT WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/premium-card-issues-egp-201-mn-in-securitized-bonds\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/premium-card-issues-egp-201-mn-in-securitized-bonds\/\",\"name\":\"Premium Card issues EGP 201 mn in securitized bonds - 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The EGP 211 mn issuance comprises a single 10-month tranche rated \u201cPrime 1 Rating\u201d\u2026","rel":"","context":"In &quot;DEBT WATCH&quot;","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":584306,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/29\/premium-card-closes-egp-200-mn-securitization\/","url_meta":{"origin":578063,"position":1},"title":"Premium Card closes EGP 200 mn securitization","author":"enterpriseam admin","date":"29 March 2023","format":false,"excerpt":"The company is in the final stretch of its EGP 2 bn program","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/596.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":578014,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/13\/valu-issues-egp-854-5-mn-in-securitized-bonds\/","url_meta":{"origin":578063,"position":2},"title":"valU issues EGP 854.5 mn in securitized bonds","author":"enterpriseam admin","date":"13 December 2022","format":false,"excerpt":"valU closes third securitized bond issuance: EFG Hermes\u2019 consumer finance arm valU has issued EGP 854.5 mn worth of securitized bonds, according to a statement from our friends at EFG Hermes. The single 12-month tranche is the third in valU\u2019s EGP 2 bn maiden securitization program and holds a Prime-1\u2026","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/253.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":583932,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/22\/valu-issues-egp-856-5-mn-in-securitized-bonds\/","url_meta":{"origin":578063,"position":3},"title":"valU issues EGP 856.5 mn in securitized bonds","author":"enterpriseam admin","date":"22 March 2023","format":false,"excerpt":"Total value of securitized debt taken to market is up 5% y-o-y so far this year","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/335.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":542707,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/12\/and-the-securitized-bonds-just-keep-on-comin\/","url_meta":{"origin":578063,"position":4},"title":"And the securitized bonds just keep on comin\u2019","author":"enterpriseam admin","date":"12 January 2022","format":false,"excerpt":"Madinet Nasr Housing and Development (MNHD) has closed its first EGP 300 mn issuance as part of a three-year, EGP 3 bn securitization program, according to a statement (pdf). The bond is backed by a receivables portfolio of EGP 373.9 mn and consists of three fixed-interest tranches rated A through\u2026","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/140.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":548707,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/18\/valu-closes-its-second-securitized-bond-issuance\/","url_meta":{"origin":578063,"position":5},"title":"valU closes its second securitized bond issuance","author":"enterpriseam admin","date":"18 August 2022","format":false,"excerpt":"valU just closed its second securitized bond issuance in less than a year: EFG Hermes\u2019 consumer finance arm valU has issued EGP 532.6 mn of securitized bonds, according to a statement (pdf) by our friends at EFG Hermes.About the issuance: The two 12-month tranches are backed by an EGP 609.1\u2026","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/312.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/578063","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=578063"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/578063\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/578050"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/578064"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=578063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=578063"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=578063"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=578063"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=578063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}