Latest news with #debtcapitalmarkets
Yahoo
4 days ago
- Business
- Yahoo
JPMorgan: Saudi Arabia Still Has 'Room to Maneuver'
Saudi Arabia has ample fiscal buffers, foreign exchange reserves and access to international debt capital markets. That gives the kingdom room to maneuver, says Khaled Hobballah, Senior Country Officer MENA and Head of Global Markets MENA & Turkey at JP Morgan, in a conversation with Joumanna Bercetche on Bloomberg's Horizons: Middle East and Africa. Sign in to access your portfolio
Bloomberg
4 days ago
- Business
- Bloomberg
JPMorgan: Saudi Arabia Still Has 'Room to Maneuver'
Saudi Arabia has ample fiscal buffers, foreign exchange reserves and access to international debt capital markets. That gives the kingdom room to maneuver, says Khaled Hobballah, Senior Country Officer MENA and Head of Global Markets MENA & Turkey at JP Morgan, in a conversation with Joumanna Bercetche on Bloomberg's Horizons: Middle East and Africa. (Source: Bloomberg)
Zawya
19-05-2025
- Business
- Zawya
Egypt: Beltone arranges $10mln securitized bond issuance for Jameel Finance
Arab Finance: Beltone Investment Banking, a subsidiary of Beltone Holding, concluded the first securitization issuance for Jameel Finance-Egypt under its fifth program, according to an emailed press release. Totaling EGP 500 million, the transaction anchors Beltone's position as a leader in Egypt's debt capital markets. The offering was structured across three tranches, with tranche A valued at EGP 120 million, carrying a maturity period of 12 months. The second tranche amounted to EGP 268 million, holding a tenor of 36 months, while the third tranche, worth EGP 112 million, has a 48-month maturity. The first tranche received a Prime 1 rating, the highest credit rating awarded by Middle East Rating & Investors Service (MERIS), with the second and third tranches having an 'A' rating. This flexible structure offers a balanced mix of risk and return, meeting the needs of institutional investors. Beltone Investment Banking acted as financial advisor, lead arranger, and bookrunner for the transaction, which was executed through Tamweel Securitization. Dreny & Partners served as the legal advisor, while Baker Tilly acted as the external auditor. Suez Canal Bank was the custodian and placement agent, with underwriting led by Suez Canal Bank and Banque du Caire. Meanwhile, Beltone Asset Management participated as a subscriber. Sherif Hassan, Group Treasurer and Managing Director of Debt Capital Markets at Beltone Holding, commented: 'This issuance reflects our continued strategy to provide clients with tailored, market-driven funding solutions that enable long-term financial stability and flexibility.' Hassan added: 'Looking ahead, we remain focused on expanding our presence in the debt capital markets through innovative structures that respond to our clients' evolving needs and the dynamic nature of the financial landscape.' © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
18-05-2025
- Business
- Zawya
Beltone Investment Banking concludes EGP500mln securitized bond issuance for Jameel Finance-Egypt
Cairo – Beltone Investment Banking, a wholly owned subsidiary of Beltone Holding, has successfully arranged the first securitization issuance for Jameel Finance-Egypt under its fifth program, totaling EGP500 million. This transaction reinforces Beltone's position as a leader in Egypt's debt capital markets. The issuance was structured across three tranches: Tranche A, valued at EGP120 million with a maturity period of 12 months; the second valued at EGP268 million with a 36-month maturity; and the third valued at EGP112 million with a 48-month maturity. The first tranche received a Prime 1 rating—the highest credit rating awarded by MERIS (Middle East Rating & Investors Service). Meanwhile, the second and third tranches were assigned an 'A' rating. This flexible structure provides a balanced mix of risk and return, catering to a broad range of institutional investors. Beltone Investment Banking acted as financial advisor, lead arranger, and bookrunner for the deal, which was executed through Tamweel Securitization. Key partners included Dreny & Partners (legal advisor), Baker Tilly (external auditor), and Suez Canal Bank (custodian and placement agent), with underwriting led by Suez Canal Bank and Banque du Caire, while Beltone Asset Management participated as a subscriber. Building on Beltone Investment Banking's ongoing efforts to expand access to diversified and efficient financing tools, the successful closure of this transaction highlights Beltone's commitment to supporting sustainable growth across Egypt's debt capital markets. Sherif Hassan, Group Treasurer and Managing Director of Debt Capital Markets at Beltone Holding, commented: 'This issuance reflects our continued strategy to provide clients with tailored, market-driven funding solutions that enable long-term financial stability and flexibility. We're proud to have partnered with Jameel Finance- Egypt part of Abdullatif Jameel Group in this debut securitization. Their trust in our capabilities is a strong endorsement of the value we aim to deliver through our debt capital markets platform. Looking ahead, we remain focused on expanding our presence in the debt capital markets through innovative structures that respond to our clients' evolving needs and the dynamic nature of the financial landscape.' About Beltone Investment Banking: Beltone Investment Banking, a wholly owned subsidiary of Beltone Financial Holding, is a regional one-stop-shop for advisory and capital raising. With a team of skilled professionals who have accumulated critical knowledge and expertise from dealing with leading regional and international investment banks, Beltone Investment Banking has successfully executed deals totaling EGP126 billion across local and regional markets, with regional mandates that capitalize on high-growth sectors. About Beltone Holding: Beltone Holding (Egyptian Stock Exchange Code: is a leading provider of financial services with a distinguished track record spanning decades in the Middle East and North Africa. The Company offers a comprehensive and expanding range of financial solutions and services, including securities brokerage, underwriting and advisory services, asset management, research, and direct investment, as well as non-banking financial services such as leasing, factoring, consumer finance, venture capital, microfinance, real estate finance, and small and medium-sized enterprise (SME) financing. The company has an ambitious vision to revolutionize the financial sector in the region, leveraging the global expertise and knowledge of its team to provide innovative, value-added solutions, create additional opportunities for its clients, enhance market value, and achieve impactful results. For more information, please visit the company's website: Investor Relations: ir@ About Jameel Finance, Egypt: Jameel Finance, Egypt has been operating in the Egyptian market for 25 years providing innovative and reliable financing solutions to its customers, including consumer and vehicle financing services to meet customers' needs and improve their quality of life. Jameel Finance, Egypt is a trusted partner to both individuals and corporates, helping achieve their financial aspirations. Registered with the Financial Regulatory Authority (FRA) under License No. (16) of 2020. For more information, please visit the website:
Bloomberg
16-05-2025
- Business
- Bloomberg
Barclays Says It ‘Doubled Down' on ESG as Rivals Backed Away
Takeaways NEW Barclays Plc 's global head of debt capital markets said the British bank has made an effort to focus more on environmental, social and corporate governance issues as many lenders it competes with have moved in the opposite direction. 'We've doubled down on it as others have backed away,' Meghan Graper, Barclays' global head of debt capital markets, said on the latest episode of the Credit Edge podcast.
