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:
  • Coupon Rate
15.11 % 15.96 % 16.46 %
  • Last Coupon
Feb-20 Feb-20 Feb-20
  • Next Coupon
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 - - -

3. Calculator

Current Par Value : 0.00