Egyptian real estate developers Amer Group Holding and Porto Group sign an agreement with Egyptian financial investment and advisory firm Tharwa Capital to issue securitization bonds for their real estate portfolios amounting to EGP 233 mn and EGP 48 mn respectively, Invest-Gate reports.

Both companies issued securitization bonds over three tranches, with Middle East Rating and Investors Service (MERIS) assigning +AA for the first tranche, AA for the second and A for the third.