CI Capital Successfully Concludes the First Securitized Bond Issuance Worth EGP 403.4 million for Aman Financial Services as Part of a Three-Year EGP 5 billion Program

CI Capital (CICH.CA), the leading diversified financial services group, announced today the successful conclusion of the first securitized bond issuance worth EGP 403.4 million for Aman Financial Services as part of a 3-year program with a total value of EGP 5 billion.

The issuance comes in three tranches: the first valued at EGP 70.1 million, with a tenor of 13 months at an AA+ rating from Middle East Ratings and Investor Services (MERIS). The second tranche valued at EGP 231.3 million, with a tenor of 37 months, at an AA rating. The third tranche, valued at EGP 102 million (face value of EGP 100), with a tenor of 56 months, received a credit rating of A.

Amr Helal, Chief Executive Officer (Sell-Side) of the Investment Bank at CI Capital stated, “I am proud to kick off the year with an important issuance for a leading Egyptian non-banking financial services player, carrying over 2022’s momentum with several landmark DCM issuances concluded in the final quarter of last year. CI Capital looks forward to concluding several high-profile transactions across the advisory spectrum this year, further reinforcing our position as Egypt’s leading advisory house.”

Mohamed Abbas, Head of DCM at CI Capital stated, “Keeping up our momentum of back-to-back transactions underscores our position as Egypt’s leading advisory, and further highlights the potential of Egypt’s debt capital markets, which has recently grown in terms of demand and issuance sizes. This issuance provides more liquidity to Egypt’s consumer finance sector, which has played a key economic role in the past period.”

This marks the fourth issuance concluded by CI Capital since the beginning of October after the successful conclusion of two securitization bond issuances, on behalf of Tamweel Securitization Company – the originator of Tamweel Mortgage’s Portfolio – and on behalf of GlobalCorp Securitization Company, the originator of GlobalCorp Financial Services’ Portfolio, with an aggregate value of EGP 2.882 billion – in addition to Blnk Consumer Finance’s EGP 202 million issuance in November 2022.