{"id":590449,"date":"2023-07-19T00:00:00","date_gmt":"2023-07-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/19\/talaat-moustafa-plans-egp-500-mn-future-flow-securitization\/"},"modified":"2023-07-19T00:00:00","modified_gmt":"2023-07-19T00:00:00","slug":"talaat-moustafa-plans-egp-500-mn-future-flow-securitization","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/19\/talaat-moustafa-plans-egp-500-mn-future-flow-securitization\/","title":{"rendered":"Talaat Moustafa plans EGP 500 mn future flow securitization"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Talaat Moustafa to issue EGP 500 mn securitization:<\/strong> Talaat Moustafa Group (TMG) is planning to raise EGP 500 mn by securitizing future cashflows, <a href=\"https:\/\/bit.ly\/3rycTb2\" style=\"\">Al Mal<\/a> reports, citing sources it says are in the know. The bonds will be backed by future income generated by subscriptions to its sports clubs in Madinaty and Al Rehab. Enterprise was unable to reach representatives of TMG for comment on the report. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Future flow securitization:<\/strong> Future flow securitization differs from traditional securitization in that it allows the securitization of payments that aren\u2019t yet on the company\u2019s balance sheet, giving companies access to liquidity without needing a big portfolio of accounts receivables. Future income is packaged into securities and offered to investors to raise capital, giving companies a new way to access liquidity. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A first-of-its-kind: <\/strong>TMG will be the first company to use income from sports memberships as collateral for a securitized bond issuance, and would be only the second to issue future flow securities after <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5b387f20-658e-4fcc-89e6-602f5c20a966\" style=\"\">CIRA debuted them<\/a> in the local market last year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Advisors: <\/strong>EFG Hermes will provide financial advice on the issuance, according to the news outlet. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>This would be the second future flow issuance in Egypt<\/p>\n","protected":false},"author":1,"featured_media":590450,"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":[88,84,72,83,85,1517],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-590449","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-debt-watch","tag-efg-hermes","tag-enterpriseam","tag-real-estate","tag-securitization","tag-talaat-moustafa-group","wpautop","entry"],"acf":{"mongo_id":"4156b250-9689-4602-b09b-b78d49d995fd","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/7\/770.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Talaat Moustafa plans EGP 500 mn future flow securitization","related_issue":[590437],"teaser":"This would be the second future flow issuance in Egypt","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/7\/.6e675c40-0186-48ec-a881-a35056059634.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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This is in addition to a EGP 700 mn issuance the company is still planning to take to market later this quarter provided it gets regulatory\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\/2021\/10\/291.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":591178,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/01\/mnt-halan-subsidiary-tasaheel-talaat-moustafa-group-close-securitizations\/","url_meta":{"origin":590449,"position":1},"title":"MNT-Halan subsidiary Tasaheel + Talaat Moustafa Group close securitizations","author":"enterpriseam admin","date":"1 August 2023","format":false,"excerpt":"Tasaheel\u2019s issuance is part of a wider EGP 13 bn securitization 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\/7\/1298.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":547665,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/03\/al-ahly-pharos-closes-egp-1-2-bn-securitization-for-talaat-moustafa-group\/","url_meta":{"origin":590449,"position":2},"title":"Al Ahly Pharos closes EGP 1.2 bn securitization for Talaat Moustafa Group","author":"enterpriseam admin","date":"3 July 2022","format":false,"excerpt":"Talaat Moustafa Group (TMG) has sold EGP 1.17 bn worth of securitized bonds in an issuance managed by Al Ahly Pharos, according to a statement (pdf) last week. The three-tranche issuance was backed by a EGP 1.73 bn portfolio of receivables from real estate units transferred from the Arab Company\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\/7\/84.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":568333,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/27\/tmg-tapping-securitized-bond-market-again\/","url_meta":{"origin":590449,"position":3},"title":"TMG tapping securitized bond market again","author":"enterpriseam admin","date":"27 December 2020","format":false,"excerpt":"Talaat Moustafa Group (TMG) subsidiary Al Rehab Securitization plans to issue EGP 885 mn in securitized bonds to finance the development of TMG\u2019s real estate projects, sources told Al Shorouk. No further details on the timeline for the issuance were given. In a statement (pdf) earlier this month, the FRA\u2026","rel":"","context":"In &quot;WHO\u2019S IN THE MARKET FOR DEBT&quot;","block_context":{"text":"WHO\u2019S IN THE MARKET FOR DEBT","link":"https:\/\/enterpriseam.com\/egypt\/category\/whos-in-the-market-for-debt\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":559487,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/24\/rawaj-completes-egp-308-mn-securitization\/","url_meta":{"origin":590449,"position":4},"title":"Rawaj completes EGP 308 mn securitization","author":"enterpriseam admin","date":"24 January 2021","format":false,"excerpt":"Arabia Investments Holding\u2019s (AIH) consumer finance subsidiary Rawaj completed a EGP 308 mn securitized bond issuance, AIH said in a bourse filing on Thursday (pdf). The bonds were backed by accounts and notes receivables. The issuance was segmented into three tranches, which were rated AA+, AA, and A by Meris.\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":559204,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/13\/amer-tmg-tap-securitized-bond-market\/","url_meta":{"origin":590449,"position":5},"title":"Amer, TMG tap securitized bond market","author":"enterpriseam admin","date":"13 January 2021","format":false,"excerpt":"Amer, Qasatli sell EGP 700 mn of asset backed securities: EFG Hermes has closed a EGP 700 mn sale of securitized bonds on behalf of four Amer Group companies and Omar Amer\u2019s mortgage lender Qasatli, the investment bank said yesterday (pdf). The bonds were backed by EGP 911 mn of\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/590449","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=590449"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/590449\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/590437"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/590450"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=590449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=590449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=590449"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=590449"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=590449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}