CI Capital Successfully Concludes an EGP 1.790bn Securitization Bond Issuance for Tamweel Mortgage

• CI Capital acted as Financial Advisor, Issuance Manager, Bookrunner, and Lead Arranger in the issuance.

Cairo December 3, 2024

CI Capital (CICH.CA), the leading diversified financial services group, announced today the successful conclusion of an EGP 1.790bn securitization bond issuance, for Tamweel Securitization Company on behalf of Tamweel Mortgage, who acted as the originator of the portfolio.

Tamweel Mortgage’s issuance comes in 5 tranches: the first valued at EGP 625.7 million, with a tenor of 24 months, which received an AA+ credit rating from Middle East Ratings and Investor Services (MERIS). The second tranche valued at EGP 345.5 million, with a tenor of 36 months, receiving a credit rating of AA. The third tranche, valued at EGP 373.3 million, with a tenor of 48 months, received a credit rating of AA-. The fourth tranche, valued at EGP 245.3 million, with a tenor of 60 months, received a credit rating of A. The fifth tranche, valued at EGP 200.6 million, with a tenor of 75 months, received a credit rating of A-.

CI Capital, Al Ahly Pharos, and CIB acted as financial advisors, issuance managers, bookrunners, and lead arrangers in the issuance, while Baker Tilly acted as the issuance’s financial auditor, and Dreny & Partners acted as the issuance’s legal advisor.