{"id":601723,"date":"2019-03-07T03:49:26","date_gmt":"2019-03-07T03:49:26","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/07\/sarwa-capital-concludes-egp-760-mn-phd-securitization\/"},"modified":"2019-03-07T03:49:26","modified_gmt":"2019-03-07T03:49:26","slug":"sarwa-capital-concludes-egp-760-mn-phd-securitization","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/07\/sarwa-capital-concludes-egp-760-mn-phd-securitization\/","title":{"rendered":"Sarwa Capital concludes EGP 760 mn PHD securitization"},"content":{"rendered":"<p>Sarwa Capital announced that it has concluded the EGP 760 mn securitization of Palm Hills Development\u2019s receivables portfolio, which was made up of 670 delivered homes in the Golf View, Golf Extensions, Palm Hills Katameya Extension (1&2), Hacienda Bay and Hacienda White 2 projects. The receivables portfolio is currently valued at EGP 609 mn, Sarwa said in a <a href=\"https:\/\/ent.news\/2019\/3\/2740.pdf\">press release on Wednesday (pdf)<\/a>. \u201cIn total to date, we have issued bonds for gross receivables of EGP 1.6 bn out of the c.EGP 5 bn program,\u201d said Ayman El Sawy, managing director of Sarwa Promotion & Underwriting.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sarwa Capital announced that it has concluded the EGP 760 mn securitization of Palm Hills Development\u2019s receivables portfolio, which was made up of 670 delivered homes in the Golf View, Golf Extensions, Palm Hills Katameya Extension (1&#038;2), Hacienda Bay and Hacienda White 2 projects. The receivables portfolio is currently valued at EGP 609 mn, Sarwa [&hellip;]<\/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":[2372,933,72,7087,354,83],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-601723","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-contact-financial","tag-enterpriseam","tag-finance","tag-palm-hills-developments","tag-real-estate","wpautop","entry"],"acf":{"mongo_id":"4929bd26-b5c3-43de-a5ee-5687d439153d","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[601688],"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>Sarwa Capital concludes EGP 760 mn PHD securitization - 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\/03\/07\/sarwa-capital-concludes-egp-760-mn-phd-securitization\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sarwa Capital concludes EGP 760 mn PHD securitization\" \/>\n<meta property=\"og:description\" content=\"Sarwa Capital announced that it has concluded the EGP 760 mn securitization of Palm Hills Development\u2019s receivables portfolio, which was made up of 670 delivered homes in the Golf View, Golf Extensions, Palm Hills Katameya Extension (1&amp;2), Hacienda Bay and Hacienda White 2 projects. The receivables portfolio is currently valued at EGP 609 mn, Sarwa [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/07\/sarwa-capital-concludes-egp-760-mn-phd-securitization\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-03-07T03:49:26+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\/2019\/03\/07\/sarwa-capital-concludes-egp-760-mn-phd-securitization\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/07\/sarwa-capital-concludes-egp-760-mn-phd-securitization\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Sarwa Capital concludes EGP 760 mn PHD securitization\",\"datePublished\":\"2019-03-07T03:49:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/07\/sarwa-capital-concludes-egp-760-mn-phd-securitization\/\"},\"wordCount\":97,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"Contact Financial\",\"EnterpriseAM\",\"Finance\",\"Palm Hills Developments\",\"real estate\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/07\/sarwa-capital-concludes-egp-760-mn-phd-securitization\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/07\/sarwa-capital-concludes-egp-760-mn-phd-securitization\/\",\"name\":\"Sarwa Capital concludes EGP 760 mn PHD securitization - 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The issuance is part of a EGP 346 mn receivables portfolio from PHD\u2019s Palm Hills Katameya Extension, Palm Parks, and Hacienda White 2,\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","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":594199,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/22\/sarwa-capital-concludes-egp-776-mn-palm-hills-securitized-bond\/","url_meta":{"origin":601723,"position":1},"title":"Sarwa Capital concludes EGP 776 mn Palm Hills securitized bond","author":"enterpriseam admin","date":"22 October 2019","format":false,"excerpt":"Palm Hills and Sarwa Capital have closed a EGP 776 mn securitized bond backed by a portfolio of 582 delivered units at 11 of the real estate company\u2019s developments, Sarwa said in a statement (pdf). This brings Palm Hills\u2019 total issuances to EGP 2.4 bn. The bond was issued by\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","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":630204,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/15\/phd-expected-to-issue-egp-560-mn-in-securitized-bonds-this-month\/","url_meta":{"origin":601723,"position":2},"title":"PHD expected to issue EGP 560 mn in securitized bonds this month","author":"enterpriseam admin","date":"15 April 2018","format":false,"excerpt":"Sarwa Capital is expected to complete a EGP 560 mn securitized bond issuance for Palm Hills Development (PHD) this month, according to Sarwa Managing Director Ayman El Sawy. The offering will be split into two, with the first EGP 260 mn tranche set to be issued this week, with another\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","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":602186,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/20\/egypts-nuca-names-managers-of-planned-egp-10-bn-bond-securitization\/","url_meta":{"origin":601723,"position":3},"title":"Egypt\u2019s NUCA names managers of planned EGP 10 bn bond securitization","author":"enterpriseam admin","date":"20 March 2019","format":false,"excerpt":"The New Urban Communities Authority has selected EFG Hermes, CIB, National Bank of Egypt, and Arab African International Bank to manage the first tranche of a EGP 10 bn bond securitization of receivables that will be worth about EGP 6 bn, sources tell Al Mal. Sarwa Capital and Banque Misr\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","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":562876,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/09\/palm-hills-closes-egp-1-2-bn-securitized-bond-sale\/","url_meta":{"origin":601723,"position":4},"title":"Palm Hills closes EGP 1.2 bn securitized bond sale","author":"enterpriseam admin","date":"9 June 2021","format":false,"excerpt":"Palm Hills Development closed a fresh securitized bond issuance backed by a receivables portfolio of nearly EGP 1.2 bn, according to a press release (pdf). The bonds were issued in four tranches with ratings of AA+, AA, A, and A-.The size of the sale is close to PHD\u2019s record EGP\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":650513,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/26\/sarwa-capital-wants-to-issue-securitization-bonds-worth-egp-1-bn-maximum\/","url_meta":{"origin":601723,"position":5},"title":"Sarwa Capital wants to issue securitization bonds worth EGP 1 bn maximum","author":"enterpriseam admin","date":"26 March 2017","format":false,"excerpt":"Sarwa Capital is seeking regulatory approval for an EGP 1 bn issuance of securitized bonds, Managing Director Amr Lamei tells Al Mal. The offering is expected within two months.","rel":"","context":"In &quot;Banking + Finance&quot;","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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/601723","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=601723"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/601723\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/601688"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=601723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=601723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=601723"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=601723"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=601723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}