AT LEASE is an Egypt-based Islamic sharia-compliant leasing company, which provides a variety of international leasing solutions and products. The company offers its products under the following categories: financial lease/capital, true ease, structured lease, and vendor lease.
AT Lease to issue EGP 1.6B securitized bonds
Updated 3/30/2022 1:26:17 PM
ArabFinance: Al Tawfeek Leasing Company (A.T.LEASE) (ATLC) is planning to issue securitized bonds worth EGP 1.6 billion by the end of the second quarter (Q2) of 2022, Al Mal News reported, citing sources familiar with the matter.
The securitization issuance is expected to be offered in three tranches with different maturity dates of 13-month, 37-month, and 60-month, the sources highlighted.
Misr Capital and Al Ahly Pharos will act as the bookrunner of the issuance, while Alieldean Weshahi and Partners (ALC) will serve as the legal counsel, the sources pointed out.
In 2021, AT Lease had issued securitized bonds worth over EGP 1 billion in three tranches.
