Contact Financial closes Egypt’s second biggest securitization so far in 2023

June 26, 2023

Contact Financial Holding has issued EGP 1.86 bn in securitized bonds for its consumer finance business, according to a press release (pdf). The three-tranche issuance is backed by a EGP 3 bn portfolio and has tenors ranging from 13 to 61 months and ratings of AA+, AA and A from the Middle East Ratings & Investors Service (MERIS).
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