CI Capital, Arab African International Leasing wrap up EGP 804M securitized bond issuance
Updated 11/11/2025 1:54:00 PM
Arab Finance: CI Capital and Arab African International Leasing Company (AAIL) have concluded a securitized bond issuance valued at EGP 804 million for Capital for Securitization, with AAIL serving as the originator and assignor of the portfolio, as per an emailed press release.
The issuance was structured into three tranches.
The first tranche, valued at EGP 423 million with a 25-month tenor, received an AA+ rating from Middle East Ratings and Investor Services (MERIS).
The second tranche, worth EGP 299 million with a 37-month tenor, was rated AA, while the third tranche, valued at EGP 82 million with a 44-month tenor, received an A rating.
Amr Helal, CEO of the Investment Bank (Sell-Side) at CI Capital, said the completion of the securitized bond issuance for AAIL marks another step in CI Capital’s efforts to broaden access to financing solutions and reach new client segments.
Mohamed Abbas, head of the debt capital markets at CI Capital, said this transaction marks the first collaboration between CI Capital and AAIL, as well as AAIL’s first securitization issuance. He added that the issuance attracted strong investor demand, achieving 205% coverage, reflecting CI Capital’s investor base and AAIL’s portfolio performance.
Mowafak Gamea, CEO and managing director of AAIL, said the issuance is part of the company’s plan to diversify funding sources and support its expansion in the leasing market. He noted that it is AAIL’s first securitization and first collaboration with CI Capital.
CI Capital acted as the sole financial advisor, issuance manager, bookrunner, and lead arranger for the transaction.
Baker Tilly served as the issuance’s auditor, and Barakat, Maher & Partners in association with Clyde & Co acted as the legal advisor.
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