CI Capital has successfully concluded its debut securitized bond issuance worth EGP 478 million on behalf of BM Consumer Finance (Souhoola). Acting as the financial advisor, issuance manager, bookrunner, and lead arranger, CI Capital facilitated this milestone issuance for Capital for Securitization.
The issuance, divided into three tranches, highlights Souhoola’s portfolio strength
First Tranche: EGP 280mn, six-month tenor, Prime 1 rating (MERIS).
Second Tranche: EGP 139mn, 12-month tenor, Prime 1 rating.
Third Tranche: EGP 59mn, 20-month tenor, A- rating.
Advancing Financial Inclusion
Ahmed El-Shanawany, Managing Director of Souhoola, emphasized the issuance as a testament to the portfolio’s quality and a key driver in expanding the company’s financing base. He noted this initiative aligns with Egypt’s Vision 2030, contributing to financial inclusion and economic growth.
Read also:
IFC and Orascom Development Partner to Boost Green Tourism in Egypt
OPPO Announces Global Launch of Find X8 Series with ColorOS 15
Fadi Elias, CFO of BM Consumer Finance, echoed this sentiment, stating the transaction reflects Souhoola’s robust growth trajectory. The company’s financial position grew by 52% in Q3 2024 compared to last year, while its customer portfolio increased by 50% during the same period.
A Strategic Win for CI Capital
Amr Helal, CEO (Sell-Side) of CI Capital’s Investment Bank, celebrated the achievement as the first in a three-year EGP 3.5 billion program for Souhoola. “This success reinforces our leadership in offering innovative financing solutions,” said Helal, expressing gratitude to the DCM team and all stakeholders involved.
Mohamed Abbas, Head of DCM at CI Capital, highlighted the rising interest of non-bank financial institutions in diversifying funding sources, spurring sustainable growth in Egypt’s financial sector.
Supporting Entities
Auditor: Russell Bedford
Legal Advisor: Alieldean Weshahi & Partners
About CI Capital Holding for Financial Investments
CI Capital is Egypt’s leading financial services group, offering investment banking, leasing, microfinance, and consumer finance solutions. With operations in Cairo, New York, and Dubai, the company supports a wide array of global and local clients through comprehensive capital raising and advisory services.
For further details, visit: https://linktr.ee/cicapitalholding
CI Capital’s official page
For more economic news on food security and agriculture, visit our Facebook page here :
