CI Capital (CICH.CA), Egypt’s leading diversified financial services group, announced the successful completion of its EGP 718 million securitized bond issuance for Capital for Securitization, acting on behalf of Erada Microfinance, the originator of the securitized portfolio. This marks a significant milestone for Erada, as it embarks on its inaugural issuance in the local debt capital markets.
The issuance comprises three tranches
First Tranche: Valued at EGP 371 million with a tenor of 6 months and rated Prime 1 by Middle East Ratings and Investor Services (MERIS).
Second Tranche: Valued at EGP 255 million with a tenor of 12 months and also rated Prime 1.
Third Tranche: Valued at EGP 92 million with a tenor of 20 months and rated A-.
Amr Abu Al-Azm, Co-Founder, CEO, and Vice Chairman of Erada Microfinance, highlighted the importance of this milestone, stating that the successful execution of the company’s debut securitization bond reflects its commitment to sustainable growth and enhanced market competitiveness. He credited the dedication of Erada’s team for this success and emphasized that the issuance represents a significant step forward in improving the company’s financial indicators and solidifying its position as a key player in the microfinance sector.
Amr Helal, CEO of Investment Banking (Sell-Side) at CI Capital, expressed his pride in concluding this issuance, which is part of a broader three-year program valued at EGP 4 billion. Helal remarked that this deal is a testament to CI Capital’s leadership in delivering high-profile transactions across diverse sectors, further reinforcing its position as a leading financial services provider.
Mohamed Abbas, Head of Debt Capital Markets at CI Capital, underscored the strategic importance of the issuance, which aligns with CI Capital’s vision of attracting new companies to Egypt’s debt capital markets. Abbas praised the collaboration with Erada Microfinance, emphasizing its potential to strengthen Erada’s competitive edge in the non-banking financial sector (NBFI) while bolstering the role of debt capital markets as a sustainable financing solution.
CI Capital acted as the financial adviser, issuance manager, bookrunner, and lead arranger for the transaction. Supporting roles were provided by Russell Bedford, the financial auditor, and Clyde & Co, the legal advisor.
About CI Capital Holding for Financial Investments
CI Capital Holding for Financial Investments is Egypt’s premier diversified financial services group, offering leasing, microfinance, mortgage finance, consumer finance, and investment banking products. With headquarters in Cairo and offices in New York and Dubai, CI Capital caters to a broad client base, including global institutions, family offices, SMEs, and individual investors. The company’s comprehensive platform includes capital raising, M&A advisory, asset management, securities brokerage, custody, and research services.
CI Capital’s subsidiaries, such as Corplease, provide leasing solutions, while Reefy operates as Egypt’s first licensed microfinance institution. With over 3,500 employees and an experienced management team, CI Capital leverages deep local market insights to deliver tailored financial solutions, maintaining its position as a market leader.
