Cairo, December 8- CIB, Egypt’s leading private-sector bank, has announced that it successfully closed the fifth securitization issuance for ATLC worth EGP 1.459 billion in partnership with Al Ahly Pharos and CI Capital, the co-financial advisors and co-mandated lead arrangers. The issuance was split into three tranches, with maturities of 25, 37, and 48 months for tranches A, B, & C, respectively.

The issued bonds received distinguished credit ratings of AA+/AA/A for the three tranches, respectively, from MERIS (Middle East Rating & Investor Service). These ratings reflect the assigned portfolio’s strength, comprehensive guarantees, and additional credit enhancements available to bondholders. The subscription was oversubscribed 1.5 times by several banks.

Commenting on the transaction, Mr. Amr El-Ganainy, Deputy CEO & Executive Board Member at CIB, said, “CIB is pleased to partner with ATLC, as this partnership underscores our commitment to providing innovative financing solutions. The support provided by the Financial Regulatory Authority played a significant role in achieving this milestone, underlining the importance of partnerships between financial and regulatory institutions to ensure the success of major operations.”

Heba Abdel Latif, Head of Financial Institutions at CIB, said, “We are pleased to have successfully closed the fifth securitization issuance for ATLC, demonstrating the effective coordination between the involved parties within this transaction. This issuance highlights CIB’s ability to provide leading financial solutions that cater to the evolving needs of the Egyptian market."

Gilan El Siginy, Debt Capital Markets Sector Head at CIB, said, “The strong interest from investors in this issuance reflects their confidence in the company’s financing portfolio. The success of this offering demonstrates CIB’s commitment to providing financing tools that meet investors' needs and contribute to the stability of the financial market."

CIB, the National Bank of Egypt (NBE), Banque Du Caire, Arab African International Bank (AAIB), and Al Ahly Pharos acted as the underwriters for this transaction, demonstrating confidence in the offering. The Export Development Bank of Egypt also subscribed to the issue.

The ALC office, Ali Al-Din Washahi & Partners, served as legal advisors, and Baker Tilly office - Mohamed Hilal and Waheed Abdel Ghaffar acted as the official auditor for the transaction.