AL TAWFEEK LEASING COMPANY-A.T.LEASE
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CI Capital Spearheads Record EGP 1.45B Securitization Deal for AT Lease
CI Capital leads a major securitization deal with strong credit ratings and significant profit growth.
December 4, 2024 at 3:05:00 PMScore: 90
CI Capital Holding has successfully closed a landmark EGP 1.45 billion securitization bond issuance for Al Tawfeek Securitization Company, acting on behalf of Al Tawfeek Leasing as portfolio originator. The offering comprises three tranches: a AA+-rated EGP 621 million tranche (25-month tenor), a AA-rated EGP 492 million tranche (37 months), and an A-rated EGP 346 million tranche (48 months). Financial advisors CI Capital, Al Ahly Pharos, and CIB collaborated as issuance managers, while Baker Tilly and Alieldean Weshahi & Partners provided auditing and legal counsel. CI Capital reported a 108% year-on-year profit surge to EGP 1.63 billion in Q3 2024.
Recommended Actions
- Monitor CI Capital's stock for post-deal momentum
- Consider AT Lease's credit ratings when evaluating fixed-income opportunities
- Review CI Capital's Q3 earnings report for growth drivers
- Track secondary market performance of the bond tranches
- Consult a financial advisor about exposure to Egyptian securitization markets
Positive Aspects
- High credit ratings (AA+ and AA)
- 108% profit growth year-on-year
- Strong institutional partnerships
Negative Aspects
- Potential market volatility affecting bond performance
- Dependency on future leasing portfolio performance
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