{"id":642210,"date":"2017-08-08T03:36:18","date_gmt":"2017-08-08T03:36:18","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/08\/phd-to-get-regulatory-approval-for-securitization-bonds-plans-another-issuance-before-year-end\/"},"modified":"2017-08-08T03:36:18","modified_gmt":"2017-08-08T03:36:18","slug":"phd-to-get-regulatory-approval-for-securitization-bonds-plans-another-issuance-before-year-end","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/08\/phd-to-get-regulatory-approval-for-securitization-bonds-plans-another-issuance-before-year-end\/","title":{"rendered":"PHD to get regulatory approval for securitization bonds, plans another issuance before year end"},"content":{"rendered":"

Palm Hills Developments (PHD) announced beginning<\/a>the regulatory procedures necessary to get approvals for its EGP 700 mn securitized bonds issuance. PHD says it is also in process of obtaining the bonds\u2019 credit rating. It says a second securitization transaction for bonds worth EGP 600-700 mn and carrying tenors of up to five years will take place before 2017 ends. Sarwa Capital is managing the transaction.<\/p>\n","protected":false},"excerpt":{"rendered":"

Palm Hills Developments (PHD) announced beginningthe regulatory procedures necessary to get approvals for its EGP 700 mn securitized bonds issuance. PHD says it is also in process of obtaining the bonds\u2019 credit rating. It says a second securitization transaction for bonds worth EGP 600-700 mn and carrying tenors of up to five years will take […]<\/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":[9304],"tags":[72,2402],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-642210","post","type-post","status-publish","format-standard","hentry","category-real-estate-housing","tag-enterpriseam","tag-real-estate-housing","wpautop","entry"],"acf":{"mongo_id":"89fd60e2-3c3e-4b10-b637-41400fe069fb","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[642172],"teaser":"","voice_url":""},"yoast_head":"\nPHD to get regulatory approval for securitization bonds, plans another issuance before year end - 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\/08\/08\/phd-to-get-regulatory-approval-for-securitization-bonds-plans-another-issuance-before-year-end\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PHD to get regulatory approval for securitization bonds, plans another issuance before year end\" \/>\n<meta property=\"og:description\" content=\"Palm Hills Developments (PHD) announced beginningthe regulatory procedures necessary to get approvals for its EGP 700 mn securitized bonds issuance. PHD says it is also in process of obtaining the bonds\u2019 credit rating. 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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":542707,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/12\/and-the-securitized-bonds-just-keep-on-comin\/","url_meta":{"origin":642210,"position":1},"title":"And the securitized bonds just keep on comin\u2019","author":"enterpriseam admin","date":"12 January 2022","format":false,"excerpt":"Madinet Nasr Housing and Development (MNHD) has closed its first EGP 300 mn issuance as part of a three-year, EGP 3 bn securitization program, according to a statement (pdf). The bond is backed by a receivables portfolio of EGP 373.9 mn and consists of three fixed-interest tranches rated A through\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\/140.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":544499,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/07\/misr-italia-eyes-egp-700-mn-securitized-bond-sale-in-4q-2022\/","url_meta":{"origin":642210,"position":2},"title":"Misr Italia eyes EGP 700 mn securitized bond sale in 4Q 2022","author":"enterpriseam admin","date":"7 March 2022","format":false,"excerpt":"Misr Italia Properties is looking to issue securitized bonds worth EGP 700 mn during 4Q2022, Al Shorouk quoted CEO and Managing Director Mohamed Hany El Assal as saying. The issuance would be the second tranche of the property developer\u2019s EGP 2.5 bn securitization program. The first EGP 794 mn 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\/3\/78.jpg?fit=%2C&ssl=1&resize=350%2C200","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":642210,"position":3},"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 "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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":581654,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/19\/palm-hills-closes-egp-638-mn-securitization\/","url_meta":{"origin":642210,"position":4},"title":"Palm Hills closes EGP 638 mn securitization","author":"enterpriseam admin","date":"19 February 2023","format":false,"excerpt":"Palm Hills Developments (PHD) has closed an EGP 638 mn securitized bond issuance, according to a joint statement (pdf) from Palm Hills and EFG Hermes, the sole financial advisor on the sale. About the issuance: The issuance\u2019s three tranches have tenors of 13, 36, and 84 months and ratings ranging\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\/2\/house-row-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":543833,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/21\/misr-italia-issues-egp-794-mn-securitized-bond-raya-eyes-egp-2-bn-securitization-this-year\/","url_meta":{"origin":642210,"position":5},"title":"Misr Italia issues EGP 794 mn securitized bond + Raya eyes EGP 2 bn securitization this year","author":"enterpriseam admin","date":"21 February 2022","format":false,"excerpt":"Misr Italia Properties has closed its first EGP 794 mn issuance as part of an EGP 2.5 bn securitization program, according to a statement (pdf) yesterday from EFG Hermes, which advised on the transaction. 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