العربية

Thirty First Issuance

1. Issuance Overview

Issue Date : 21 Oct 2019 Currency : EGP
Issue Name : 31st 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
    -Saudi Co. For Urban Developments
Bond Type : Securitization Bond Underlying Portfolio : Real Estate Installments Sale Contracts
Issuer Name : Sarwa Securitization Company Structuring Arranger : Sarwa Capital
Issue Size : 601 Million Underwriters :
    - Banque Misr
    - Commercial International Bank
    - Egyptian Gulf Bank
    - Ahli United Bank

Attachments

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

2. Issuance Details

Tranche A Tranche B Tranche C
Original Balance 131mn 357mn 113mn
Outstanding Balance 121.83mn 357mn 113mn
Maturity Date Oct-20 Oct-22 Nov-24
Coupons:
  • Coupon Rate
 12.85% 13.50% 14.00%
  • Last Coupon
 Feb-20 Feb-20 Feb-20
  • Next Coupon
 April-20 April-20 April-20
Original Tenor 13 Months 37 Months 59 Months
Payment Monthly (Senior) Monthly (Subordinated) Monthly (Junior Subordinated)
Bondholder Meeting 19-01-2020 19-01-2020 19-01-2020
Calling date - - -

3. Calculator

Current Par Value : 0.00

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Fixed Income Issuances