Twenty Ninth Issuance
1. Issuance Overview
| Issue Date : March 2019 | Currency : EGP |
| Issue Name : 29th 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 : 588 Million | Underwriters : - Banque Misr - Arab African International bank |
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 | 154 mn | 325 mn | 109 mn |
| Outstanding Balance | 0 | 325 mn | 109 mn |
| Maturity Date | Feb-20 | Feb-22 | Jan-24 |
| Coupons: | |||
|
15.11 % | 15.96 % | 16.46 % |
|
Feb-20 | Feb-20 | Feb-20 |
|
March-20 | March-20 | March-20 |
| Original Tenor | 13 Months | 37 Months | 60 Months |
| Payment | Quarterly (Senior) | Monthly (Subordinated) | Monthly (Junior Subordinated) |
| Bondholder Meeting | 14-07-2019 | 14-07-2019 | 14-07-2019 |
| Calling Date | - | - | - |
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