{"id":635808,"date":"2017-12-13T04:08:47","date_gmt":"2017-12-13T04:08:47","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/13\/phd-considers-upping-securitized-bond-issuance-to-egp-1-6-bn-next-year\/"},"modified":"2017-12-13T04:08:47","modified_gmt":"2017-12-13T04:08:47","slug":"phd-considers-upping-securitized-bond-issuance-to-egp-1-6-bn-next-year","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/13\/phd-considers-upping-securitized-bond-issuance-to-egp-1-6-bn-next-year\/","title":{"rendered":"PHD considers upping securitized bond issuance to EGP 1.6 bn next year"},"content":{"rendered":"

Palm Hills Development (PHD) is considering increasing its securitized bond issuance to EGP 1.6 bn from EGP 500 mn, PHD Chairman Yassin Mansourtells Al Borsa<\/a>. The company is looking into making the first issuance of EGP 800 mn in February 2018, and have the second half in mid-2018, he added. PHD had said last month that it was planning to delay the issuance until the CBE\u2019s Monetary Policy Committee reduces interest rates. With inflation dropping to 26% in November, the company clearly sees interest rates falling before February. Mansour added in statements to Daily News Egypt<\/a> that no one has been appointed manager or advisor on the bond issuances yet.<\/p>\n","protected":false},"excerpt":{"rendered":"

Palm Hills Development (PHD) is considering increasing its securitized bond issuance to EGP 1.6 bn from EGP 500 mn, PHD Chairman Yassin Mansourtells Al Borsa. The company is looking into making the first issuance of EGP 800 mn in February 2018, and have the second half in mid-2018, he added. PHD had said last month […]<\/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],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-635808","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"a19110e0-bcdf-4e7e-962d-29f1c82f16c9","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[635771],"teaser":"","voice_url":""},"yoast_head":"\nPHD considers upping securitized bond issuance to EGP 1.6 bn next year - 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\/2017\/12\/13\/phd-considers-upping-securitized-bond-issuance-to-egp-1-6-bn-next-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PHD considers upping securitized bond issuance to EGP 1.6 bn next year\" \/>\n<meta property=\"og:description\" content=\"Palm Hills Development (PHD) is considering increasing its securitized bond issuance to EGP 1.6 bn from EGP 500 mn, PHD Chairman Yassin Mansourtells Al Borsa. The company is looking into making the first issuance of EGP 800 mn in February 2018, and have the second half in mid-2018, he added. PHD had said last month […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/13\/phd-considers-upping-securitized-bond-issuance-to-egp-1-6-bn-next-year\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-12-13T04:08:47+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\/2017\/12\/13\/phd-considers-upping-securitized-bond-issuance-to-egp-1-6-bn-next-year\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/13\/phd-considers-upping-securitized-bond-issuance-to-egp-1-6-bn-next-year\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"PHD considers upping securitized bond issuance to EGP 1.6 bn next year\",\"datePublished\":\"2017-12-13T04:08:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/13\/phd-considers-upping-securitized-bond-issuance-to-egp-1-6-bn-next-year\/\"},\"wordCount\":117,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"EnterpriseAM\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/13\/phd-considers-upping-securitized-bond-issuance-to-egp-1-6-bn-next-year\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/13\/phd-considers-upping-securitized-bond-issuance-to-egp-1-6-bn-next-year\/\",\"name\":\"PHD considers upping securitized bond issuance to EGP 1.6 bn next year - 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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 "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":633006,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/25\/tharwa-capital-requests-fra-approval-for-phds-egp-350-mn-securitized-bonds-issuance\/","url_meta":{"origin":635808,"position":1},"title":"Tharwa Capital requests FRA approval for PHD\u2019s EGP 350 mn securitized bonds issuance","author":"enterpriseam admin","date":"25 February 2018","format":false,"excerpt":"Tharwa Capital has requested approval from the Financial Regulatory Authority (FRA) for Palm Hills Developments\u2019 (PHD) EGP 300-350 mn securitized bonds issuance, Tharwa Managing Director Ayman El Sawy tells Al Borsa. PHD had decided last year to delay the issuance until after interest rates drop, and was considering upping the\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":628490,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/06\/palm-hills-sarwa-capital-close-egp-261-mn-securitized-bond-issuance\/","url_meta":{"origin":635808,"position":2},"title":"Palm Hills, Sarwa Capital close EGP 261 mn securitized bond issuance","author":"enterpriseam admin","date":"6 May 2018","format":false,"excerpt":"Our friends at Sarwa Capital have closed a EGP 261 mn securitized bond issuance for Palm Hills Development (PHD), according to a statement to the EGX (pdf). 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 "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":612562,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/25\/valu-phd-aur-leasing-close-securitization-bond-issuances\/","url_meta":{"origin":635808,"position":3},"title":"Valu, PHD, Aur Leasing close securitization bond issuances","author":"enterpriseam admin","date":"25 December 2023","format":false,"excerpt":"This brings the total value of securitized bonds issued in Egypt this year to EGP 86 bn","rel":"","context":"In \"Al Ahly Pharos\"","block_context":{"text":"Al Ahly Pharos","link":"https:\/\/enterpriseam.com\/egypt\/tag\/al-ahly-pharos\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1547.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":590568,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/24\/palm-hills-closes-egp-472-5-mn-securitized-bond-issuance\/","url_meta":{"origin":635808,"position":4},"title":"Palm Hills closes EGP 472.5 mn securitized bond issuance","author":"enterpriseam admin","date":"24 July 2023","format":false,"excerpt":"PHD closes second securitization transaction of 2023: Our friends at real estate developer Palm Hills Developments (PHD) has closed a EGP 472.5 mn securitized bond issuance, according to a joint statement (pdf) from PHD and EFG Hermes, which managed the transaction. EGP 1+ bn and counting: PHD has now securitized\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\/2023\/7\/857.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":637072,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/07\/phd-to-delay-securitization-plan-until-interest-rate-drops\/","url_meta":{"origin":635808,"position":5},"title":"PHD to delay securitization plan until interest rate drops","author":"enterpriseam admin","date":"7 November 2017","format":false,"excerpt":"Palm Hills Developments (PHD) is delaying its EGP 500 mn securitized bond issuance until after interest rates drop, Managing Director Tarek Abdel Rahman tells Al Borsa. The company will be looking to the CBE\u2019s Monetary Policy Committee meeting on 16 November to gauge where interest rates are heading. 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