Cairo – Mubasher: Attijariwafa Bank - Egypt has contributed a total of EGP 505 million to three securitized bond issues during 2020.

The bank acted as a co-underwriter of the first securitised bond issuance valued at EGP 545 million by Tanmeyah Micro Enterprise Services, a subsidiary of the Egyptian Financial Group Hermes Holding (EFG Hermes), by contributing EGP 100 million, according to a statement on Tuesday.

Moreover, the lender contributed EGP 85 million to the EGP 562 million securitised bond issuance backed by receivables from three of Raya Holding’s subsidiaries, namely, Raya Electronics, Aman Financial Services, and Aman Microfinance.

Attijariwafa Bank - Egypt also participated in the largest local currency bond issuance in Egypt, by contributing EGP 320 million to the fourth securitised bond issuance of El Taamir Securitisation Company, the securitisation special purpose company of New Urban Communities Authority (NUCA).