The Clap Tasaheel, one of Ghabbour Auto SAE subsidiaries, has issued securitized bonds worth $150 million.
The Deets This securitization comes as part of the first of a $600 million securitization program. The issuance was oversubscribed by 2x the amount, and the funds generated are to be used to support the company’s growth.
CIB acted as an advisor to the deal with the National Bank of Egypt who acted as a co-financial advisor and underwriter. AAIB and Ni Capital also served as underwriters.