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PHD, Sarwa Capital announce closing of EGP 760m securitisation bonds

Palm Hills Developments (PHD) and Sarwa Capital (Sarwa) announce the closing of the latest issue of securitisation bond for PHD, backed by the receivables portfolio’s net present value which stood at EGP 609m, after applying a discount rate of 16.04% on the gross receivables portfolio of EGP 760m, calculated based on the average coupon of …

Daily News Egypt

Sarwa Capital obtains licences to commence insurance business

Sarwa Capital Holding for financial investments, announced on Monday the receipt of the requisite licences from the Financial Regulatory Authority (FRA) in order to commence offering life and general insurance products. Accordingly, two new companies will be commenced, Sarwa Insurance Company, which will provide property and liability insurance, and Sarwa Life Insurance Company, which will …

Daily News Egypt

Sarwa Capital closes EGP 1.75bn securitisation bonds issuance

Sarwa Capital announced that Sarwa Securitisation has closed an EGP 1.75bn issue of securitisation bonds backed by the portfolios of Contact Auto Credit and its affiliated companies. The bonds consist of three tranches with tenors of one, three, and five years and received high ratings of AA+, AA and A respectively by Middle East Ratings …

Daily News Egypt

Sarwa Capital announces closing of EGP 1.15bn securitisation bonds

Sarwa Capital today announced that Sarwa Securitisation SAE has closed its latest issue of EGP 1.15bn in securitisation bonds backed by the portfolios of Contact Auto Credit and its affiliate companies. The bonds consist of three portions with tenors of one, three, and five years and received high ratings of AA+, AA, and A respectively …

Daily News Egypt

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