CI Capital Successfully Concludes EGP 928 Mn Securitized Bond Issuance for Aman Consumer Finance
CI Capital (CICH.CA), the leading diversified financial services group, announced today the successful completion of a securitization bond issuance on behalf of Aman Securitization, a subsidiary company of Aman Holding, which is a portfolio company of Raya Holding. The originator of the transaction is Aman Consumer Finance, with a total value of EGP 928 million.
The issuance comes in 3 tranches: the first valued at EGP 431 Mn, with a tenor of 6 months, The second tranche, valued at EGP 306 Mn, with a tenor of 12 months. Both tranches received a Prime 1 rating from Middle East Ratings and Investor Services (MERIS). The third tranche, valued at EGP 191 Mn, with a tenor of 24 months, received a rating of A-.
Amr Helal, CEO of the Investment Bank (Sell-Side) at CI Capital, stated that the successful completion of Aman Group’s eighth securitization issuance marks a continuation of the company’s track record of achievements in executing leading transactions in the Egyptian market. This reinforces CI Capital’s position as a trusted strategic partner in the fields of promotion and financial advisory, and underscores its ability to develop innovative investment solutions that address market needs and serve a broad and diverse client base.
Mohamed Abbas, Head of Debt Capital Markets at CI Capital, expressed his pleasure in completing the eighth issuance with Aman Group, describing it as one of the company’s most valuable and enduring partnerships. He highlighted his pride in the strong and long-standing relationship between the two parties, which has resulted in eight successful issuances featuring innovative financing structures and a total value exceeding EGP 7.4 billion, despite the significant challenges faced by the financial markets in recent periods.
CI Capital acted as Financial Advisor, Issuance manager, and Bookrunner & Lead arranger for the issuance, while Zaki Hashem & Partners acted as the legal advisor, and United for Auditing, Tax, Advisory & Financial Services (UHY) acted as the issuance’s financial auditor.
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