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