{"id":668829,"date":"2025-07-22T00:00:00","date_gmt":"2025-07-22T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/07\/22\/b-tech-closes-egp-859-4-mn-securitized-bond-issuance\/"},"modified":"2025-07-22T00:00:00","modified_gmt":"2025-07-22T00:00:00","slug":"b-tech-closes-egp-859-4-mn-securitized-bond-issuance","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/07\/22\/b-tech-closes-egp-859-4-mn-securitized-bond-issuance\/","title":{"rendered":"B.TECH closes EGP 859.4 mn securitized bond issuance"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>That\u2019s a wrap on B.TECH\u2019s fifth securitized bond issuance: <\/strong>Electronics retailer B.TECH closed a EGP 859.4 mn securitized bond issuance, according to a statement. The issuance is the fifth of a wider EGP 5 bn securitization program.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> This issuance came in two tranches \u2014 a nine- and an 11-month tranche. Both tranches received a P1 credit rating from Middle East Rating & Investors Service (MERIS).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who bought in?<\/strong> The issuance saw strong demand from investors, with participation from CIB along with several investment funds managed by CI Asset Management (CIAM) and Arab African Investment Management (AAIM).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>CIB served as the sole financial advisor, lead arranger, manager, promoter, and underwriter of the issuance. Matouk Bassiouny & Hennawy was legal advisor, while Baker Tilly served as auditor.<\/p>\n<p class=\"tag-border-left\">IN OTHER DEBT NEWS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Al Baraka Ba<\/strong><strong>nk-Egypt secures USD 100 mn: <\/strong>Al Baraka Bank-Egypt lined up two facilities \u2014 each worth USD 50 mn \u2014 from the Islamic Corporation for the Ins. of Investment and Export Credit (ICIEC), a member of the Islamic Development Bank Group, according to <a target=\"_blank\" href=\"https:\/\/english.mubasher.info\/news\/4471041\/Al-Baraka-Bank-Egypt-unveils-100m-deals-with-ICIEC\/\" style=\"\" rel=\"noopener\">Mubasher<\/a>. The two facilities \u2014 a Documentary Credit Ins. Policy (DCIP) and a Bank Master Policy (BMP) \u2014 aim to bolster the bank\u2019s Islamic trade finance offering for corporate and SME clients. The DCIP is geared toward mitigating export risks backed by LCs, while the BMP will support broader Islamic trade finance activity.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This is the fifth issuance in its EGP 5 bn securitization bond program<\/p>\n","protected":false},"author":1,"featured_media":668830,"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":[1861,240,7106,88,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-668829","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-b-tech","tag-cib","tag-debt","tag-debt-watch","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"ef8171c7-fc5a-457f-bb03-0f6bdc32f01c","order":"11","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/1\/132.jpg","photo_position":"above","homepage_title":"","full_issue_title":"B.TECH closes EGP 859.4 mn securitized bond issuance","related_issue":[668810],"teaser":"This is the fifth issuance in its EGP 5 bn securitization bond program","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/7\/.d7b31c1c-ef0c-4539-9395-7418f4fb8465.mp3"},"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>B.TECH closes EGP 859.4 mn 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\/2025\/07\/22\/b-tech-closes-egp-859-4-mn-securitized-bond-issuance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"B.TECH closes EGP 859.4 mn securitized bond issuance\" \/>\n<meta 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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":578520,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/03\/misr-italia-closes-second-securitized-bond-issuance\/","url_meta":{"origin":668829,"position":3},"title":"Misr Italia closes second securitized bond issuance","author":"enterpriseam admin","date":"3 January 2023","format":false,"excerpt":"Misr Italia Properties has closed its second EGP 986 mn securitized bond issuance, transaction advisor EFG Hermes said in a statement (pdf) yesterday. The details: The issuance is backed by a receivables portfolio from two of the real estate developer\u2019s subsidiaries. Its three tranches received ratings ranging from AA+ to\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\/2023\/1\/38.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":548068,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/25\/pioneers-properties-closes-egp-425-mn-securitized-bond-issuance\/","url_meta":{"origin":668829,"position":4},"title":"Pioneers Properties closes EGP 425 mn securitized bond issuance","author":"enterpriseam admin","date":"25 July 2022","format":false,"excerpt":"Pioneers Properties for Urban Development has closed a EGP 425 mn securitized bond issuance, the second in a wider EGP 3 bn program, according to a press release (pdf) from its financial advisor, EFG Hermes. The four-tranche issuance is backed by a EGP 613.5 mn receivables portfolio, with the tranches\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":563841,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/26\/efg-hermes-closes-fifth-securitized-bond-sale-for-premium-international\/","url_meta":{"origin":668829,"position":5},"title":"EFG Hermes closes fifth securitized bond sale for Premium International","author":"enterpriseam admin","date":"26 July 2021","format":false,"excerpt":"EFG Hermes closes EGP 211 mn securitized bond issuance for Premium International: EFG Hermes has completed the fifth tranche of Premium International's EGP 2 bn short-term securitized bond program, EFG Hermes said in a statement (pdf). The EGP 211 mn issuance comprises a single 10-month tranche rated \u201cPrime 1 Rating\u201d\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/668829","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=668829"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/668829\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/668810"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/668830"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=668829"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=668829"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=668829"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=668829"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=668829"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}