MERIS credit rating

GlobalCorp issues its eighth securitization bond worth EGP 2.5 billion, with the participation of the International Finance Corporation (IFC) alongside a number of Egyptian banks

GlobalCorp Financial Services has completed its eighth securitization bond issuance, valued at EGP 2.5 billion, after obtaining approval from the Financial Regulatory Authority (FRA). This issuance falls under the company’s second approved securitization program. The issuance was structured into three tranches with different maturities and credit ratings: Tranche (A): EGP 1.3 billion, with a tenor of 25 months and a…