Twenty First Issuance

1. Issuance Overview

Issue Date : January 2017 Currency : EGP
Issue Name : 21st Issue Originator :
    - Palm Hills Development
    - Palm Hills Middle East Co. for Real Estate Investment
    - East New Cairo for Real Estate Development
    - Rakeen Egypt for Real Estate Investment
Bond Type : Securitization Bond Underlying Portfolio : Real Estate Installments Sale Contracts
Issuer Name : Sarwa Securitization Company Structuring Arranger : Sarwa Capital
Issue Size : 404 Million Underwriters :
    - Banque Misr
    - Arab African International Bank
    - Sarwa Promotion and Underwriting

Attachments

Prospectus : PDF File Agenda : PDF File
Rating Reports : PDF File Annual Review : PDF File

2. Issuance Details

Tranche A Tranche B Tranche C
Original Balance 122 mn 185 mn 97 mn
Outstanding Balance - - 63.33 mn
Maturity Date Jan-18 Jan-20 Dec-21
Coupons:
  • Coupon Rate
15.79% 16.69% 17.39%
  • Last Coupon
Jan-18 Sept-19 Feb-20
  • Next Coupon
- March-20
Original Tenor 13 Months 37 Months  60 Months
Payment Quarterly (Senior) Monthly (subordinated) Monthly (Junior Subordinated)
Bondholder Meeting 20-03-2017 20-03-2017 20-03-2017
- 25-02-2018 25-02-2018
- 23-04-2019 23-04-2019
Calling Date - - -

3. Calculator

Current Par Value : 0.00