{"id":626674,"date":"2018-07-09T04:19:51","date_gmt":"2018-07-09T04:19:51","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/09\/gb-lease-completes-first-securitized-bond-issuance\/"},"modified":"2018-07-09T04:19:51","modified_gmt":"2018-07-09T04:19:51","slug":"gb-lease-completes-first-securitized-bond-issuance","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/09\/gb-lease-completes-first-securitized-bond-issuance\/","title":{"rendered":"GB Lease completes first securitized bond issuance"},"content":{"rendered":"<p><strong>GB Auto subsidiary GB Lease announced completing its <\/strong><a href=\"http:\/\/www.egx.com.eg\/downloads\/Bulletins\/218747_2.pdf\"><strong>first securitized bond issuance on Monday (pdf)<\/strong><\/a><strong>.<\/strong> The company will use the proceeds from the EGP 335 mn issuance to \u201cdeleverage GB Lease\u2019s balance sheet to improve its liquidity position, create new borrowing limits with lender banks and support the company\u2019s future plans.\u201d The issuance consists of three tranches of EGP 154 mn with a tenure of 13 months and variable yield of 0.55%, EGP 167 mn with a tenure of 36 months and variable yield of 1.1%, and EGP 34 mn with a tenure of 60 months and variable yield of 1.7%. \u201cI am very pleased to report that GB Lease\u2019s inaugural securitized offering received a strong rating that reflects the careful building over many years of a strong, resilient, well-diversified portfolio,\u201d GB Auto CEO Raouf Ghabbour said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GB Auto subsidiary GB Lease announced completing its first securitized bond issuance on Monday (pdf). The company will use the proceeds from the EGP 335 mn issuance to \u201cdeleverage GB Lease\u2019s balance sheet to improve its liquidity position, create new borrowing limits with lender banks and support the company\u2019s future plans.\u201d The issuance consists of [&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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-626674","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"64b4c474-9e35-42fe-8d4f-464fd03ab9b7","order":"0","is_powered_by":true,"section_story_id":"d57a8cd0-8f7c-44ef-a7b1-252967387f36","story_type":"1","photo_url":"","photo_position":"above","related_issue":[626660],"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>GB Lease completes first securitized bond issuance - 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\/2018\/07\/09\/gb-lease-completes-first-securitized-bond-issuance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GB Lease completes first securitized bond issuance\" \/>\n<meta property=\"og:description\" content=\"GB Auto subsidiary GB Lease announced completing its first securitized bond issuance on Monday (pdf). The company will use the proceeds from the EGP 335 mn issuance to \u201cdeleverage GB Lease\u2019s balance sheet to improve its liquidity position, create new borrowing limits with lender banks and support the company\u2019s future plans.\u201d The issuance consists of [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/09\/gb-lease-completes-first-securitized-bond-issuance\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-07-09T04:19:51+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\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/09\/gb-lease-completes-first-securitized-bond-issuance\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/09\/gb-lease-completes-first-securitized-bond-issuance\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"GB Lease completes first securitized bond issuance\",\"datePublished\":\"2018-07-09T04:19:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/09\/gb-lease-completes-first-securitized-bond-issuance\/\"},\"wordCount\":137,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/09\/gb-lease-completes-first-securitized-bond-issuance\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/09\/gb-lease-completes-first-securitized-bond-issuance\/\",\"name\":\"GB Lease completes first securitized bond issuance - 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The offering included three tranches: a EGP 203 mn 13-month bond with a variable yield of 40 bps, a EGP 353 mn 3-year bond with a 90\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":576330,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/19\/gb-lease-eyes-last-minute-securitized-bond-issuance-in-2020\/","url_meta":{"origin":626674,"position":1},"title":"GB Lease eyes last-minute securitized bond issuance in 2020","author":"enterpriseam admin","date":"19 November 2020","format":false,"excerpt":"DEBT WATCH- GB Lease eyes last-minute 2020 securitized bond issuance: Ghabbour Auto\u2019s financial leasing arm, GB Lease, could potentially issue EGP 1 bn in securitized bonds before the year is out to finance the expansion of its leasing activities, a senior company official told Enterprise. There are currently no details\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":578674,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/10\/gb-lease-issues-egp-1-7-bn-in-securitized-bonds\/","url_meta":{"origin":626674,"position":2},"title":"GB Lease issues EGP 1.7 bn in securitized bonds","author":"enterpriseam admin","date":"10 January 2023","format":false,"excerpt":"GB Auto subsidiary GB Lease has closed an EGP 1.7 bn securitized bond issuance, according to a joint statement (pdf) by Al Ahly Pharos and CIB. The two institutions were joint financial advisors on the transaction alongside the National Bank of Egypt (NBE).The details: The three-tranche issuance is backed by\u2026","rel":"","context":"In &quot;Debt&quot;","block_context":{"text":"Debt","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/debt\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/142.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":559807,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/04\/at-lease-takes-egp-1-bn-securitized-bond-to-market\/","url_meta":{"origin":626674,"position":3},"title":"AT Lease takes EGP 1 bn securitized bond to market","author":"enterpriseam admin","date":"4 February 2021","format":false,"excerpt":"AT Lease has issued its second securitized bond offering worth EGP 1.09 bn after receiving the greenlight from regulators to move forward with the issuance, the company said in an EGX disclosure (pdf) yesterday. The three-tranche issuance, initially slated for 3Q2020, has seen AT Lease offer an initial 13-month 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\/2021\/2\/87.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":566966,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/08\/misr-capital-closes-egp-2-2-bn-securitized-bond-issuance-for-corplease\/","url_meta":{"origin":626674,"position":4},"title":"Misr Capital closes EGP 2.2 bn securitized bond issuance for Corplease","author":"enterpriseam admin","date":"8 January 2020","format":false,"excerpt":"DEBT WATCH- Misr Capital closes EGP 2.2 bn securitized bond issuance for Corplease: Misr Capital has concluded a EGP 2.2 bn securitized bond issuance on behalf of CI Capital\u2019s Corplease, according to Al Mal. The four-tranche issuance was backed by EGP 3 bn in receivables from leasing contracts. The tranches\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/543.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":555833,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/29\/gb-lease-gears-up-for-new-securitized-bond-issuance\/","url_meta":{"origin":626674,"position":5},"title":"GB Lease gears up for new securitized bond issuance","author":"enterpriseam admin","date":"29 November 2021","format":false,"excerpt":"GB Auto\u2019s financial leasing arm, GB Lease, is planning to take a multi-tranche EGP 1.6 bn securitized bond issuance to market in December, Al Shorouk reports, citing unnamed sources in the know. CIB is acting as primary lead manager for the issuance. 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