Latest news with #AmrHelal
Zawya
23-07-2025
- Business
- Zawya
CI Capital leads Bonyan's IPO on Egypt's EGX
Cairo – CI Capital Holding for Financial Investments has executed the EGP 1.80 billion initial public offering (IPO) of Bonyan for Development and Trade on the Egyptian Exchange (EGX), according to a press release. CI Capital acted as joint global coordinator and bookrunner, advising Bonyan on the transaction, which represented 22% of Bonyan's shares, amounting to 362.90 million shares. The offering was completed at EGP 4.96 per share, implying a market capitalization of EGP 8.20 billion at the opening bell. A total of 344.75 million shares were allocated to qualified institutional and high-net-worth investors in Egypt and abroad, with the remaining 18.14 million shares allocated to retail investors in Egypt. The Institutional book building closed on 13 July, generating around EGP 12 billion of demand, representing a coverage ratio of 6.88x. Meanwhile, the retail offering closed on 16 July, recording a coverage ratio of 33.7x. Total orders for the private and public offering of Bonyan crossed 2.98 billion shares, or EGP 15 billion in aggregate demand, implying a blended coverage ratio of 8.2x1. Amr Helal, CEO of the Investment Bank at CI Capital, commented: 'This latest transaction further strengthens CI Capital leadership role in raising capital across market cycles, having successfully concluded similar transactions with a total value exceeding EGP 14 billion in the past five years.'
Daily News Egypt
22-06-2025
- Business
- Daily News Egypt
CI Capital Concludes EGP 665.5m Securitized Bond Issuance for Aman Consumer Finance
CI Capital, a leading investment bank in Egypt, announced on Sunday the successful completion of a securitized bond issuance valued at EGP 665.5m for Aman Securitization, with Aman Consumer Finance acting as the originator. This transaction marks the third securitization for Aman Securitization and the seventh concluded by CI Capital on behalf of Aman Holding, a subsidiary of Raya Holding. The issuance was structured into three tranches. The first tranche, valued at EGP 307m, carries a tenor of six months. The second, totaling EGP 222m, has a tenor of twelve months. Both received a Prime 1 credit rating from Middle East Ratings and Investor Services (MERIS), indicating high credit quality. The third tranche, amounting to EGP 136.5m, has a tenor of twenty-three months and was assigned an A- rating by MERIS. Commenting on the issuance, Amr Helal, CEO (Sell-Side) of the Investment Bank at CI Capital, stated: 'This transaction marks the seventh securitized bond issuance we've successfully executed for Aman Holding. It reflects our continued success in delivering sophisticated financial solutions and reinforces CI Capital's standing as Egypt's leading advisory house. Our ability to structure innovative and efficient transactions continues to attract strong investor interest and serve the evolving needs of our clients.' Helal emphasized the depth of the strategic relationship between the two institutions, noting that since 2023, CI Capital has consistently supported Aman's growth through a series of successful securitizations. He expressed optimism about further deepening this partnership, describing Aman as one of CI Capital's most important long-term collaborators. Hazem Moghazi, Co-CEO of Business and Commercial Affairs at Aman Holding, highlighted the issuance as a strong indicator of investor trust in both Aman and the broader Egyptian market. He noted that Aman's total securitized issuances now stand at approximately EGP 9.7 billion since the launch of its program. Moghazi stressed the company's ongoing commitment to sustainable growth, financial transparency, and supporting the national economy, adding that Aman will continue to focus on diversifying its funding sources throughout 2025. Mohamed Abbas, Head of Debt Capital Markets at CI Capital, also expressed pride in the successful issuance and the longstanding partnership with Aman. He underscored the strength of investor demand and the innovative nature of the structures used in past issuances, which reflect the confidence in both the asset quality of Aman's portfolio and CI Capital's execution capabilities. In this transaction, CI Capital acted as financial advisor, issuance manager, bookrunner, and lead arranger. Legal counsel was provided by Zaki Hashem & Partners, while United for Auditing, Tax, Advisory & Financial Services (UHY) served as the financial auditor.
Zawya
06-05-2025
- Business
- Zawya
CI Capital Successfully concludes the largest corporate bond issuance in the Egyptian Market History for Tasaheel Finance worth EGP2.5bln
Cairo, CI Capital ( the leading diversified financial services group, announced today the successful conclusion of the EGP 2.5bn corporate bond issuance for Tasaheel Finance. Tasaheel's issuance, which received an investment grade BBB+ rating from Middle East Ratings and Investor Services (MERIS), is in two tranches: the first tranche is valued at EGP 2bn with a tenor of 12 months, while the second tranche is valued at EGP 500mn with a tenor of 36 months. 'CI Capital is proud of the successful conclusion of 5 DCM issuances for Tasaheel Finance since 2023 with a total value of EGP 20.29bn, reflecting the strong partnership between both parties. This historical issuance is another example of CI Capital's commitment to offering unparalleled innovative financial and investment solutions to its clients, as well as reflecting its commitment to developing the Egyptian capital market space," commented Amr Helal, Chief Executive Officer (Sell-Side) of the Investment Bank at CI Capital. 'Tasaheel's issuance, the largest corporate bond issuance in the Egyptian market history, is a turning point in the local Debt Capital Markets landscape, as it demonstrates that corporate bonds can act as a reliable financing alternative to traditional financing sources, attracting investments from sources other than the banking sector in the process. This is proven by the fact that 60% of the issuance was covered by non-banking investors, which also highlights CI Capital's strong fundraising abilities,' commented Mohamed Abbas, Head of Debt Capital Markets at CI Capital. CI Capital acted as the issuance manager and bookrunner, while KPMG served as the auditor of the issuance, Maatouk Bassiouny & Hennawy served as the legal advisor and the Egyptian Gulf Bank served as the subscription recipient. About CI Capital Holding for Financial Investments CI Capital Holding for Financial Investments (Ticker: CICH EY, is a diversified financial services group and Egypt's leading provider of leasing, microfinance, mortgage finance, consumer finance, and investment banking products and services. Through its headquarters in Cairo, and presence in New York and Dubai, CI Capital Holding for Financial Investments offers a wide range of financial solutions, to a diversified client base that includes global and regional institutions and family offices, large corporates, SMEs, and high-net-worth and individual investors. CI Capital Holding for Financial Investments leverages its full-fledged investment banking platform to provide market-leading capital raising and M&A advisory, asset management, securities brokerage, custody, and research. Through its subsidiary, Corplease, CI Capital offers comprehensive leasing solutions, including finance and operating leases, and sale and leaseback, serving a wide range of corporate clients and SMEs. Additionally, CI Capital Holding for Financial Investments offers microfinance lending through Egypt's first licensed MFI, Reefy. The Group has over 4,000 employees, led by a team of professionals who are among the most experienced in the industry, with complementary backgrounds and skill sets, and a deep understanding of local market dynamics. Banque Misr, one of Egypt and Africa's most renowned financial banks, is the majority shareholder of CI Capital Holding.
