{"id":595697,"date":"2019-08-04T04:00:06","date_gmt":"2019-08-04T04:00:06","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/04\/elmobasher-for-car-financing-to-issue-up-to-egp-500-mn-of-securitization-bonds\/"},"modified":"2019-08-04T04:00:06","modified_gmt":"2019-08-04T04:00:06","slug":"elmobasher-for-car-financing-to-issue-up-to-egp-500-mn-of-securitization-bonds","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/04\/elmobasher-for-car-financing-to-issue-up-to-egp-500-mn-of-securitization-bonds\/","title":{"rendered":"Elmobasher for car financing to issue up to EGP 500 mn of securitization bonds"},"content":{"rendered":"

Car financing firm Elmobasher<\/a> is planning to issue between EGP 400-500 mn of securitization bonds to provide liquidity for expansions, unnamed sources tell Al Mal<\/a>. A subsidiary of Arabia Investment, Development, and Financial Holding Company (AIND) will manage the issuance with the participation of CIB and the National Bank of Egypt. The issuance is expected to be divided into three categories, with bonds carrying tenors of 12 months, 3 years, and 5 years.<\/p>\n","protected":false},"excerpt":{"rendered":"

Car financing firm Elmobasher is planning to issue between EGP 400-500 mn of securitization bonds to provide liquidity for expansions, unnamed sources tell Al Mal. A subsidiary of Arabia Investment, Development, and Financial Holding Company (AIND) will manage the issuance with the participation of CIB and the National Bank of Egypt. The issuance is expected […]<\/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":[2372,72,85],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-595697","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","tag-securitization","wpautop","entry"],"acf":{"mongo_id":"69142dbb-c054-4bc1-ab99-349e4d4ca5de","is_powered_by":true,"section_story_id":"3a28a624-8c56-4cf1-97b0-a2d0e6fac1ea","story_type":"1","photo_url":"","photo_position":"above","related_issue":[595665],"teaser":"","voice_url":""},"yoast_head":"\nElmobasher for car financing to issue up to EGP 500 mn of securitization 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\/2019\/08\/04\/elmobasher-for-car-financing-to-issue-up-to-egp-500-mn-of-securitization-bonds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Elmobasher for car financing to issue up to EGP 500 mn of securitization bonds\" \/>\n<meta property=\"og:description\" content=\"Car financing firm Elmobasher is planning to issue between EGP 400-500 mn of securitization bonds to provide liquidity for expansions, unnamed sources tell Al Mal. 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Raya had signed last month its first securitized bond issuance for its subsidiaries, Raya Electronics, Aman Financial Services,\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":594845,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/09\/palm-hills-to-issue-egp-300-mn-of-securitization-bonds\/","url_meta":{"origin":595697,"position":1},"title":"Palm Hills to issue EGP 300 mn of securitization bonds","author":"enterpriseam admin","date":"9 September 2019","format":false,"excerpt":"Palm Hills is planning to issue around EGP 300 mn of securitization bonds to pay off part of its debts owed to banks, unnamed banking sources tell Al Shorouk. 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CIB and the National Bank of Egypt will manage the securitization process and Dreny & Partners Law Firm will act as\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":547558,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/27\/are-securitized-bonds-gaining-momentum-in-our-mortgage-market\/","url_meta":{"origin":595697,"position":3},"title":"Are securitized bonds gaining momentum in our mortgage market?","author":"enterpriseam admin","date":"27 June 2022","format":false,"excerpt":"A consortium of local mortgage lenders is mulling a securitization program that could be worth over EGP 2.5 bn, Enterprise has confirmed, just a week after the local mortgage market saw its first ever securitization. Al Oula, Al Ahly Mortgage Finance, and Amlak Egypt are part of the consortium currently\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\/2022\/6\/311.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":594455,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/30\/raya-signs-off-on-issuing-securitized-bonds-worth-egp-500-mn\/","url_meta":{"origin":595697,"position":4},"title":"Raya signs off on issuing securitized bonds worth EGP 500 mn","author":"enterpriseam admin","date":"30 October 2019","format":false,"excerpt":"Raya issues securitized bonds worth EGP 500 mn: Raya Holding signed yesterday its first securitized bond issuance for its subsidiaries, Raya Electronics, Aman Financial Services, and Aman Microfinance, worth EGP 500 mn, Hapi reports. 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