CI Capital and Arab African International Leasing Successfully Conclude Securitized Bond Issuance Worth EGP 804 Million
CI Capital, the leading diversified financial services group, in partnership with Arab African International Leasing Company (AAIL), has successfully concluded a securitized bond issuance totaling EGP 804 million for Capital for Securitization, with AAIL serving as the originator and assignor of the portfolio.
Issuance Details:
The issuance from AAIL was structured in three tranches:
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First tranche: EGP 423 million with a 25-month tenor, rated AA+ by Middle East Ratings and Investor Services (MERIS).
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Second tranche: EGP 299 million with a 37-month tenor, rated AA.
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Third tranche: EGP 82 million with a 44-month tenor, rated A.
Statements from Executives:
Amr Helal, CEO of the Investment Bank (Sell-Side) at CI Capital, emphasized that this successful issuance marks another milestone in CI Capital’s mission to expand access to diversified financing solutions and reach new client segments.
He highlighted the company’s strong track record in executing consecutive debt capital market transactions and praised the efforts of CI Capital’s Debt Capital Markets team and all parties involved.
Mohamed Abbas, Head of Debt Capital Markets at CI Capital, noted that this issuance represents both AAIL’s first securitization and the first collaboration between CI Capital and AAIL.
Abbas highlighted the high investor appetite, with coverage reaching 205%, demonstrating CI Capital’s ability to access a broad investor base and the strong performance of AAIL’s portfolios.
Mowafak Gamea, CEO and Managing Director of AAIL, described the issuance as a strategic step in diversifying the company’s funding sources and supporting its expansion plans in the leasing market. He also emphasized the full participation of five major banks, reflecting strong confidence in AAIL’s financial strength and performance.
Advisors and Partners:
CI Capital acted as Sole Financial Advisor, Issuance Manager, Bookrunner, and Lead Arranger, while Baker Tilly served as the issuance auditor, and Barakat, Maher & Partners in association with Clyde & Co acted as legal advisors.
