Misr Capital Investments works on EGP 5bn securitisation, short-term bond programmes

Daily News Egypt
1 Min Read

Misr Capital Investments is currently working on over EGP 5bn worth bond, securitisation, and short-term bond programmes for the second half of this year, said the company’s co-CEO and Managing Director Khalil El-Bawab

This offering is the first in a long time for corporate bonds. He added that the bond issuance market of various types are currently very active, expecting more activity in the upcoming period.

He pointed out that the axes of the expansion plan focus, in the short term, on expanding the company’s current activities and shifting to an integrated platform for non-banking financial activities.

It was revealed earlier that the company is working on two corporate bond issuances, with volumes ranging between EGP 2-4bn.

He explained that the assets managed by the company valued at about EGP 3.5bn last year, up from EGP 1bn in 2018. The company is working to establish two funds for institutions that have not launched funds before.

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