Cairo - Mubasher: CI Capital Holding for Financial Investments has completed a EGP 1.29 billion securitized bond issuance for El Taamir Securitization, in which Al Tameer Leasing and Factoring Company (Al Oula) is the originator and assignor of the portfolio.
The company’s second issuance was structured in three tranches, according to a press release.
Valued at EGP 573.50 million with a 25-month tenor, the first tranche received an ‘AA+’ rating from Middle East Ratings and Investor Services (MERIS).
The second tranche of EGP 462 million with a 37-month tenor was rated ‘AA-‘, while the third tranche, valued at EGP 263 million with a 48-month tenor, received a rating of ‘A’.
Haitham Serag, CEO of Al Tameer Leasing and Factoring, said the company’s second securitization issuance highlights strong investor confidence and its capacity for sustainable growth.
Serag noted that the portfolio currently stands at about EGP 7 billion, with plans to reach EGP 8.50 billion by year-end, adding that the company signed leasing and factoring contracts worth EGP 5.10 billion in the first half (H1) of 2025, more than half in the real estate sector. This is in addition to expanding joint financing agreements and raising capital to support future growth.
For his part, Mohamed Abbas, Head of Debt Capital Markets at CI Capital, said the issuance reflects the continued confidence of leading leasing companies in debt capital market instruments and highlighted strong investor appetite, with coverage reaching approximately 200%.
CI Capital acted as the sole financial advisor, issuance manager, bookrunner and lead arranger, while Baker Tilly served as the auditor and Dreny & Partners as legal advisor.
In H1-25, CI Capital logged lower consolidated net profits after tax at EGP 699.28 million, against EGP 1.31 billion in H1-24.
