{"id":606979,"date":"2023-09-25T00:00:00","date_gmt":"2023-09-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/25\/efg-corp-solutions-halan-and-rawasi-all-take-securitized-bonds-to-market\/"},"modified":"2023-09-25T00:00:00","modified_gmt":"2023-09-25T00:00:00","slug":"efg-corp-solutions-halan-and-rawasi-all-take-securitized-bonds-to-market","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/25\/efg-corp-solutions-halan-and-rawasi-all-take-securitized-bonds-to-market\/","title":{"rendered":"EFG Corp-Solutions, Halan and Rawasi all take securitized bonds to market"},"content":{"rendered":"

Egypt\u2019s market for securitized bond issuances continues to be red-hot<\/strong>, with three fresh issuances worth  more than EGP 2<\/font>.8 bn closing in recent days.<\/p>\n

DATA POINT- <\/strong> The three transactions bring the total value of securitized bonds issued in Egypt so far this year to more than EGP 54.5 bn \u2014 more than 20% than was taken to market in FY 2022, according to data tracked by Enterprise.<\/p>\n

#1- EFG Corp-Solutions closed an EGP 1.01 bn securitized bond <\/strong> issuance <\/strong>last week, according to a statement (pdf)<\/a> .<\/a> The issuance is the third in the leasing and factoring firm\u2019s ongoing securitization program, and includes three tranches with ratings of Prime1, A+, and A+ from the Middle East Ratings and Investor Service (MERIS). <\/p>\n

This is the company\u2019s first issuance in 2023: <\/strong> The last time the EFG Holding subsidiary took to the debt markets was in September 2022 when it closed a EGP 2 bn issuance<\/a>. <\/p>\n

Who subscribed? <\/strong>EFG Hermes and Arab African International Bank (AAIB) were underwriters. Arab Banking Corporation (ABC) and Al Ahli Bank of Kuwait also subscribed to the issuance.<\/p>\n

Advisors: <\/strong>EFG Hermes acted as the financial advisor and lead arranger on the transaction (as it has on some EGP 5.5 bn worth of issuances of late), AAIB as bookrunner and custodian, while KPMG acted as auditor. Dreny & Partners was the legal advisor. <\/p>\n

\n

#2- <\/strong> Halan, the consumer finance subsidiary of <\/strong> MNT-Halan <\/strong> , has issued EGP 1.04 bn worth of securitized bonds<\/strong>, according to Al Borsa<\/a>. The issuance featured four tranches rated P1 and A, and was reportedly 1.5x oversubscribed. Buyers included major banks and investment funds, according to the newspaper.<\/p>\n

Two down, one to go: <\/strong> This is the second issuance of a EGP 3 bn program, CIB\u2019s debt capital market head Menan Awadallah told the newspaper. The company closed the first, EGP 978 mn issuance in December.<\/p>\n

More to come: <\/strong> MNT-Halan\u2019s microfinance subsidiary, Tasaheel, has securitized bns of EGP of its portfolio over the past year as part of a EGP 13 bn program. The company has sold more than EGP 8.8 bn of securitized bonds since June 2022<\/a> across three issuances, and expects to issue the remainder before the end of 2023<\/a>.<\/p>\n

Advisors: <\/strong> CIB acted as financial advisor, lead arranger and custodian, Matouk Bassiouny & Hennawy provided counsel, and KPMG was the auditor.<\/p>\n

\n

#3- Rawasi turns to the securitization market: <\/strong> Real estate investor Raw<\/a> asi Urban<\/a> Develop<\/a> ment<\/a> has closed a EGP 789 mn securitized bond issuance, according to a statement<\/a> (pdf)<\/a> yesterday from Al Ahly Pharos, which led the transaction. The issuance is backed by a EGP 1.3 bn portfolio of leasing receivables, and was sold in three tranches rated P1, AA and A by Middle East Ratings and Investors Service (MERIS). <\/p>\n

Remember: <\/strong>Rawasi is a joint venture established in 2021 by the National Bank of Egypt (NBE) and Banque Misr to invest in real estate. The company has a partnership with Talaat Moustafa Group under which it buys out the developers assets.<\/p>\n

Who subscribed? <\/strong> The bond was fully covered by the NBE, Arab African International Bank (AAIB), Al Ahli Bank of Kuwait, Al Baraka Bank and MIDBank.<\/p>\n

Advisors: <\/strong>Al Ahly Pharos acted as financial advisor and lead arranger for the transaction. It was also one of the underwriters alongside NBE and AAIB. AAIB was custodian and placement agent. Dreny & Partners provided legal counsel, while RSM Egypt (Magdy Hashish) Egypt was the auditor. <\/p>\n","protected":false},"excerpt":{"rendered":"

Companies have sold record volumes of asset-backed securities in 2023<\/p>\n","protected":false},"author":1,"featured_media":606980,"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":[8436,813,1156,430,576,240,88,6505,8670,84,7107,72,593,503,183,242,883,1884,310,248,595,7105,83,85],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-606979","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-al-ahli-bank-of-kuwait","tag-al-ahly-pharos","tag-al-baraka-bank","tag-arab-african-international-bank","tag-banque-misr","tag-cib","tag-debt-watch","tag-dreny-partners","tag-efg-corp-solutions","tag-efg-hermes","tag-efg-holding","tag-enterpriseam","tag-factoring","tag-financial-services","tag-fintech","tag-leasing","tag-matouk-bassiouny-hennawy","tag-midbank","tag-mnt-halan","tag-national-bank-of-egypt","tag-non-banking-financial-services","tag-rawasi","tag-real-estate","tag-securitization","wpautop","entry"],"acf":{"mongo_id":"c1aa2dd4-7aff-485a-8507-e896eee36052","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/9\/1391.jpg","photo_position":"above","homepage_title":"","full_issue_title":"EFG Corp-Solutions, Halan and state-owned real estate firm close securitized bond issuances","related_issue":[606970],"teaser":"Companies have sold record volumes of asset-backed securities in 2023","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/9\/.9b14083a-2458-4ed3-9638-b4eff5dc0f17.mp3"},"yoast_head":"\nEFG Corp-Solutions, Halan and Rawasi all take securitized bonds to market - 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\/2023\/09\/25\/efg-corp-solutions-halan-and-rawasi-all-take-securitized-bonds-to-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EFG Corp-Solutions, Halan and Rawasi all take securitized bonds to market\" \/>\n<meta property=\"og:description\" content=\"Companies have sold record volumes of asset-backed securities in 2023\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/09\/25\/efg-corp-solutions-halan-and-rawasi-all-take-securitized-bonds-to-market\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-25T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1391.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=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/09\/25\/efg-corp-solutions-halan-and-rawasi-all-take-securitized-bonds-to-market\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/09\/25\/efg-corp-solutions-halan-and-rawasi-all-take-securitized-bonds-to-market\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EFG Corp-Solutions, Halan and Rawasi all take securitized bonds to market\",\"datePublished\":\"2023-09-25T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/09\/25\/efg-corp-solutions-halan-and-rawasi-all-take-securitized-bonds-to-market\/\"},\"wordCount\":562,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/09\/25\/efg-corp-solutions-halan-and-rawasi-all-take-securitized-bonds-to-market\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1391.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Al Ahli Bank of Kuwait\",\"Al Ahly Pharos\",\"Al Baraka Bank\",\"Arab African International Bank\",\"Banque Misr\",\"CIB\",\"debt watch\",\"Dreny & Partners\",\"EFG Corp-Solutions\",\"EFG Hermes\",\"EFG Holding\",\"EnterpriseAM\",\"factoring\",\"financial services\",\"Fintech\",\"leasing\",\"Matouk Bassiouny & Hennawy\",\"MIDBank\",\"MNT-Halan\",\"National Bank of Egypt\",\"non-banking financial services\",\"Rawasi\",\"real estate\",\"securitization\"],\"articleSection\":[\"DEBT WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/09\/25\/efg-corp-solutions-halan-and-rawasi-all-take-securitized-bonds-to-market\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/09\/25\/efg-corp-solutions-halan-and-rawasi-all-take-securitized-bonds-to-market\/\",\"name\":\"EFG Corp-Solutions, Halan and Rawasi all take securitized bonds to market - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/09\/25\/efg-corp-solutions-halan-and-rawasi-all-take-securitized-bonds-to-market\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/09\/25\/efg-corp-solutions-halan-and-rawasi-all-take-securitized-bonds-to-market\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1391.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2023-09-25T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/09\/25\/efg-corp-solutions-halan-and-rawasi-all-take-securitized-bonds-to-market\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2023\/09\/25\/efg-corp-solutions-halan-and-rawasi-all-take-securitized-bonds-to-market\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/09\/25\/efg-corp-solutions-halan-and-rawasi-all-take-securitized-bonds-to-market\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1391.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1391.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/09\/25\/efg-corp-solutions-halan-and-rawasi-all-take-securitized-bonds-to-market\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"EFG Corp-Solutions, Halan and Rawasi all take securitized bonds to market\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"EFG Corp-Solutions, Halan and Rawasi all take securitized bonds to market - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/25\/efg-corp-solutions-halan-and-rawasi-all-take-securitized-bonds-to-market\/","og_locale":"en_US","og_type":"article","og_title":"EFG Corp-Solutions, Halan and Rawasi all take securitized bonds to market","og_description":"Companies have sold record volumes of asset-backed securities in 2023","og_url":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/25\/efg-corp-solutions-halan-and-rawasi-all-take-securitized-bonds-to-market\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2023-09-25T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1391.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/25\/efg-corp-solutions-halan-and-rawasi-all-take-securitized-bonds-to-market\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/25\/efg-corp-solutions-halan-and-rawasi-all-take-securitized-bonds-to-market\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"EFG Corp-Solutions, Halan and Rawasi all take securitized bonds to market","datePublished":"2023-09-25T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/25\/efg-corp-solutions-halan-and-rawasi-all-take-securitized-bonds-to-market\/"},"wordCount":562,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/25\/efg-corp-solutions-halan-and-rawasi-all-take-securitized-bonds-to-market\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1391.jpg?fit=%2C&ssl=1","keywords":["Al Ahli Bank of Kuwait","Al Ahly Pharos","Al Baraka Bank","Arab African International Bank","Banque Misr","CIB","debt watch","Dreny & Partners","EFG Corp-Solutions","EFG Hermes","EFG Holding","EnterpriseAM","factoring","financial services","Fintech","leasing","Matouk Bassiouny & Hennawy","MIDBank","MNT-Halan","National Bank of Egypt","non-banking financial services","Rawasi","real estate","securitization"],"articleSection":["DEBT WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/25\/efg-corp-solutions-halan-and-rawasi-all-take-securitized-bonds-to-market\/","url":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/25\/efg-corp-solutions-halan-and-rawasi-all-take-securitized-bonds-to-market\/","name":"EFG Corp-Solutions, Halan and Rawasi all take securitized bonds to market - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/25\/efg-corp-solutions-halan-and-rawasi-all-take-securitized-bonds-to-market\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/25\/efg-corp-solutions-halan-and-rawasi-all-take-securitized-bonds-to-market\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1391.jpg?fit=%2C&ssl=1","datePublished":"2023-09-25T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/25\/efg-corp-solutions-halan-and-rawasi-all-take-securitized-bonds-to-market\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2023\/09\/25\/efg-corp-solutions-halan-and-rawasi-all-take-securitized-bonds-to-market\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/25\/efg-corp-solutions-halan-and-rawasi-all-take-securitized-bonds-to-market\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1391.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1391.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/25\/efg-corp-solutions-halan-and-rawasi-all-take-securitized-bonds-to-market\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"EFG Corp-Solutions, Halan and Rawasi all take securitized bonds to market"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1391.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1391.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1391.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":556479,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/27\/efg-hermes-corp-solutions-plans-egp-1-bn-bond-issuance-early-2022\/","url_meta":{"origin":606979,"position":0},"title":"EFG Hermes Corp-Solutions plans EGP 1 bn bond issuance early 2022","author":"enterpriseam admin","date":"27 October 2021","format":false,"excerpt":"EFG Hermes Corp-Solutions is planning a EGP 1 bn securitized bond sale early next year in early 2022, CEO Talal Elayat told Al Mal. 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 "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\/2021\/10\/291.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":542519,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/02\/the-end-of-year-dash-to-the-securitization-finish-line\/","url_meta":{"origin":606979,"position":1},"title":"The end of year dash to the securitization finish line","author":"enterpriseam admin","date":"2 January 2022","format":false,"excerpt":"Companies raised a combined total of nearly EGP 1.75 bn in three securitizations last week as the securitized bond market saw a flurry of activity to close out the year.By our count, this brings the total number of securitized bond issuances that went to market last year to 19, with\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\/1\/5.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":606979,"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 "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\/12\/253.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":578063,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/premium-card-issues-egp-201-mn-in-securitized-bonds\/","url_meta":{"origin":606979,"position":3},"title":"Premium Card issues EGP 201 mn in securitized bonds","author":"enterpriseam admin","date":"14 December 2022","format":false,"excerpt":"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\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\/12\/293.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":549812,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/02\/record-egp-20-bn-issuance-tops-wave-of-securitizations-bringing-ytd-total-to-2x-last-year\/","url_meta":{"origin":606979,"position":4},"title":"Record EGP 20 bn issuance tops wave of securitizations, bringing YTD total to >2x last year","author":"enterpriseam admin","date":"2 October 2022","format":false,"excerpt":"Last week was a big one for the securitized bondmarket. A blockbuster EGP 20 bn issuance by the New Urban Communities Authority\u2019s (NUCA) Al Taamir headed up a string of securitizations last week, as an already hot market gets hotter. Last week\u2019s issuances more than double the total value of\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\/10\/97.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":564279,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/22\/valu-plans-maiden-securitized-bond-offering\/","url_meta":{"origin":606979,"position":5},"title":"Valu plans maiden securitized bond offering","author":"enterpriseam admin","date":"22 August 2021","format":false,"excerpt":"Valu is getting into securitization: EFG Hermes subsidiary Valu is planning a maiden securitized bond issuance worth EGP 2 bn, EFG Hermes Finance CEO Walid Hassouna told Al Mal TV (watch,runtime1:06:43). The consumer finance lender could kick start the program before the end of the year with a EGP 300\u2026","rel":"","context":"In "SPEED ROUND: DEBT WATCH"","block_context":{"text":"SPEED ROUND: DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/492.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\/606979","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=606979"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/606979\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/606970"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/606980"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=606979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=606979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=606979"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=606979"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=606979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}