{"id":595340,"date":"2019-09-23T04:27:49","date_gmt":"2019-09-23T04:27:49","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/23\/new-urban-communities-authority-prepares-egp-10-bn-securitization-process\/"},"modified":"2019-09-23T04:27:49","modified_gmt":"2019-09-23T04:27:49","slug":"new-urban-communities-authority-prepares-egp-10-bn-securitization-process","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/23\/new-urban-communities-authority-prepares-egp-10-bn-securitization-process\/","title":{"rendered":"New Urban Communities Authority prepares EGP 10 bn securitization process"},"content":{"rendered":"

The New Urban Communities Authority (NUCA) will issue another EGP 10 bn in securitized bonds before the end of 2019, sources told the local press<\/a>. The National Bank of Egypt, CIB, the Arab African International Bank, and EFG Hermes are on board to manage the issuance, and the authority is in talks with the European Bank for Reconstruction and Development to join. NUCA is awaiting a guarantee from the Finance Ministry that should be issued next month, before signing with the banks managing the operation. The authority offered EGP 6 bn of securitized bonds<\/a> in July, which were fully covered by three local banks.<\/p>\n","protected":false},"excerpt":{"rendered":"

The New Urban Communities Authority (NUCA) will issue another EGP 10 bn in securitized bonds before the end of 2019, sources told the local press. The National Bank of Egypt, CIB, the Arab African International Bank, and EFG Hermes are on board to manage the issuance, and the authority is in talks with the European […]<\/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":[9298],"tags":[430,2372,82,72,276,879,85],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-595340","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-arab-african-international-bank","tag-banking-finance","tag-bonds","tag-enterpriseam","tag-finance-ministry","tag-new-urban-communities-authority","tag-securitization","wpautop","entry"],"acf":{"mongo_id":"2113ea1e-b62d-4a9a-8402-ace6030e1b31","is_powered_by":true,"section_story_id":"88787612-383a-46d0-bd02-b0a7d10fe42e","story_type":"1","photo_url":"","photo_position":"above","related_issue":[595308],"teaser":"","voice_url":""},"yoast_head":"\nNew Urban Communities Authority prepares EGP 10 bn securitization process - 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\/2019\/09\/23\/new-urban-communities-authority-prepares-egp-10-bn-securitization-process\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Urban Communities Authority prepares EGP 10 bn securitization process\" \/>\n<meta property=\"og:description\" content=\"The New Urban Communities Authority (NUCA) will issue another EGP 10 bn in securitized bonds before the end of 2019, sources told the local press. 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The National Bank of Egypt, CIB, and the Arab African International Bank covered EGP 2 bn each. This is the first tranche of NUCA\u2019s planned\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":571563,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/17\/raya-plans-egp-640-mn-securitized-bond-sale-cib-to-manage-offering\/","url_meta":{"origin":595340,"position":1},"title":"Raya plans EGP 640 mn securitized bond sale, CIB to manage offering","author":"enterpriseam admin","date":"17 May 2020","format":false,"excerpt":"DEBT WATCH- Raya plans EGP 640 mn securitized bond sale, CIB to manage offering: Raya Holding is planning a new EGP 640 mn securitized bond issuance to finance its short-term debt and has reportedly hired CIB to manage the offering, Al Shorouk reports, quoting unnamed banking sources. 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This is the first tranche of a EGP 20 bn renegotiated loan from the European Bank for Reconstruction and Development and the National Bank of\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":603428,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/22\/nuca-agrees-with-egyptian-banks-on-egp-6-bn-loan\/","url_meta":{"origin":595340,"position":3},"title":"NUCA agrees with Egyptian banks on EGP 6 bn loan","author":"enterpriseam admin","date":"22 April 2019","format":false,"excerpt":"The New Urban Communities Authority (NUCA) has agreed with a banking consortium on a EGP 6 bn loan to meet \u201curgent\u201d financial needs, banking officials told Al Shorouk. 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