{"id":654521,"date":"2024-11-04T00:00:00","date_gmt":"2024-11-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/04\/tasaheel-raises-egp-3-92-bn-from-third-securitized-social-sustainability-bond-issuance\/"},"modified":"2024-11-04T00:00:00","modified_gmt":"2024-11-04T00:00:00","slug":"tasaheel-raises-egp-3-92-bn-from-third-securitized-social-sustainability-bond-issuance","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/04\/tasaheel-raises-egp-3-92-bn-from-third-securitized-social-sustainability-bond-issuance\/","title":{"rendered":"Tasaheel raises EGP 3.92 bn from third securitized social sustainability bond issuance"},"content":{"rendered":"

Tasaheel concludes third sustainability bond issuance:<\/strong> MNT-Halan microfinance subsidiary Tasaheel Finance has issued EGP 3.92 bn worth of securitized sustainability bonds, its third issuance in a three-year EGP 13 bn program and Egypt\u2019s largest non-sovereign securitization bond issuance to date, the transactions\u2019 financial advisor CI Capital said in a statement (pdf)<\/a>. The issuance came in six tranches with maturities ranging from 6-31 months, rated A- and P1 by the Middle East Rating Services (MERIS). <\/p>\n

(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n

Remember: <\/strong>Tasaheel kicked off<\/a> its securitization program in January with an EGP 3.8 bn issuance, which marked the first time securitized social sustainability bonds had been issued in Egypt and Africa.<\/p>\n

Sound smart- <\/strong>Social sustainability bonds are bonds whose proceeds are used to finance projects with a positive social income, including poverty alleviation, improving electricity access, and making education more accessible. In this case, the proceeds will be used to finance projects \u201cwith a social dimension\u201d that \u201ccontribute to sustainable development goals,\u201d the company said during its first issuance at the start of the year.<\/p>\n

Who bought in? <\/strong>\u201cNearly 60% of this issuance was covered by asset managers beyond the banking sector, which reflects CI Capital\u2019s commitment to diversifying its investor base,\u201d CI Capital\u2019s head of debt capital markets Mohamed Abbas said.<\/p>\n

Advisors:<\/strong> CI Capital acted as financial advisor, issuance manager, bookrunner, and lead arranger. Matouk Bassiouny & Hennawy was legal counsel and Russell Bedford was auditor.<\/p>\n

DATA POINT-<\/strong> This issuance brings the total value of securitized bonds issued in Egypt this year to EGP 26.4 bn, according to data tracked by EnterpriseAM Egypt.<\/p>\n","protected":false},"excerpt":{"rendered":"

The transaction marks Tasaheel\u2019s third bond issuance as part of the program, which kicked off in January<\/p>\n","protected":false},"author":1,"featured_media":654522,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7106,88,72,85,2103],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-654521","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-debt","tag-debt-watch","tag-enterpriseam","tag-securitization","tag-tasaheel","wpautop","entry"],"acf":{"mongo_id":"06955889-e709-4110-bd6e-39952ad4d3f3","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/451.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt\u2019s Tasaheel raises EGP 3.92 bn from third securitized social sustainability bond issuance","related_issue":[654508],"teaser":"The transaction marks Tasaheel\u2019s third bond issuance as part of the program, which kicked off in January","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.33e4212f-4ba8-4e91-b66c-70c92cc48aa2.mp3"},"yoast_head":"\nTasaheel raises EGP 3.92 bn from third securitized social sustainability 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\/2024\/11\/04\/tasaheel-raises-egp-3-92-bn-from-third-securitized-social-sustainability-bond-issuance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tasaheel raises EGP 3.92 bn from third securitized social sustainability 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raised EGP 13.8 bn from securitization so far this year","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\/2024\/5\/2379.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":613996,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/24\/tasaheel-closes-africa-and-egypts-first-securitized-social-sustainability-bond-issuance\/","url_meta":{"origin":654521,"position":1},"title":"Tasaheel closes Africa and Egypt\u2019s first securitized social sustainability bond issuance","author":"enterpriseam admin","date":"24 January 2024","format":false,"excerpt":"The issuance is part of a three-year EGP 13 bn program","rel":"","context":"In "DEBT WATCH"","block_context":{"text":"DEBT 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PLUS: NUCA has another issuance in the wings.","author":"enterpriseam admin","date":"2 November 2023","format":false,"excerpt":"There\u2019s plenty more news from the nation\u2019s red-hot securitization market, which has now seen the value of bonds taken to the market rise more than a third compared to the same time last year. UP FIRST- CI Capital has closed an EGP 3 bn securitized bond issuance for MNT-Halan\u2019s microfinance\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\/11\/80.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":664739,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/06\/tasaheel-closes-egypts-largest-ever-corporate-bond-issuance\/","url_meta":{"origin":654521,"position":4},"title":"Tasaheel closes Egypt\u2019s largest-ever corporate bond issuance","author":"enterpriseam admin","date":"6 May 2025","format":false,"excerpt":"The bond was split into two tranches, and will serve to boost the microfinance player\u2019s lending capacity.","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\/2025\/5\/349.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":547591,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/28\/tasaheel-securitizes-usd-150-mn-of-its-loan-book\/","url_meta":{"origin":654521,"position":5},"title":"Tasaheel securitizes USD 150 mn of its loan book","author":"enterpriseam admin","date":"28 June 2022","format":false,"excerpt":"MNT-Halan\u2019s microfinance subsidiary Tasaheel has closed a USD 150 mn (c.EGP 2.8 bn) securitized bond issuance as part of a wider USD 600 mn securitization program with CIB, backed by Tasaheel\u2019s loan book, according to a press release (pdf). MNT-Halan did not disclose the total value of Tasaheel\u2019s loan book\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\/6\/324.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\/654521","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=654521"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/654521\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/654508"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/654522"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=654521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=654521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=654521"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=654521"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=654521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}