The second tranche is valued at EGP 310.1 mn, with a tenor of 36 months and a credit rating of AA from MERIS, while the final tranche is valued at EGP 253.7 mn, with a tenor of 60 months and a credit rating of A f ...
Al Baraka Bank was the only named subscriber to have bought into the issuance.
CIB acts as the exclusive financial advisor, issuance manager, general arranger, promoter, and co-underwriter of the transaction.
Palm Hills Developments (PHD) has announced closing its fifth and largest securitization bond, in a transaction backed by a receivables portfolio of EGP 1.5 bn, and handled by the Arab African International Bank ( ...
Palm Hills Developments (PHD) has inked an EGP 1 bn facility agreement with the National Bank of Egypt (NBE), while still aiming to meet the EGP 1.5 bn net debt target by year-end.
Palm Hills Developments (PHD) and Sarwa Capital announced the closing of the latest and fourth securitization bond backed by a receivables portfolio worth of EGP 776 mn
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