CIB arranged offering $306 million securitization bonds in Egypt in 2015

Commercial International Bank (CIB), Egypt’s biggest private bank, arranged and took part in offering securitization bonds worth 2.4 billion Egyptian pounds (US$306 million) in Egypt during 2015, according to a CIB official source.

The source further told Amwal Al Ghad that CIB had participated by 270 million pounds in offering the fifth issuance of Corporate Leasing Company (CORPLEASE)’s securitization bonds worth 802 million pounds, with a contribution of the National Bank of Egypt and Banque Misr.

Moreover, CIB acts as the financial adviser for the issuance of the property developer Marseilia Group’s securitization bonds worth 87 million pounds, the source said.