CI Capital has completed a securitised bond issuance of EGP 1.77 billion for Al Taamir Securitization Company, backed by receivables from Al Oula.
The issuance is the first under Al Oula’s securitisation programme and is divided into three tranches with ratings from Middle East Ratings and Investor Services. The tranches total EGP 637 million due in 25 months at AA+, EGP 422 million due in 37 months at AA-, and EGP 712.85 million due in 55 months at A-.
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The Mexican subsidiary of Cox ABG Group completed a 2 billion dollar bond issuance in the United States, two weeks after acquiring Iberdrola's assets in Mexico.
CI Capital, a leading financial services group, announced the successful closure of an EGP 2.214 billion securitised bond issuance for Capital for Securitisation, with Halan Consumer Finance as the originator. The issuance was divided into two tranches, the first receiving a Prime 1 rating and the second an A- rating.
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Commercial International Bank – Egypt (CIB) has completed an EGP 1.307 billion securitisation issuance for B.TECH, acting as exclusive financial advisor, lead arranger, issuance manager, promoter, and underwriter. The single-tranche issuance has a 12-month maturity and marks the third under B.TECH’s 14th securitisation programme, valued at EGP 10 billion over two years.
Egypt's fintech firm Lucky has raised $23m in a Series B round blending equity and debt to accelerate its push into North Africa's consumer credit market. The funding came from Disruptech Ventures and DPI Venture Capital through the Nclude fund, plus new strategic backers including Suez Canal Bank and OneStop. Tech.
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The Economic Concentration Review Committee at Egypt's Competition Authority approved eight acquisitions and investments on June 3.