Misr Italia Properties is looking to issue securitisation bonds worth EGP 700 mn during 4Q2022, Al Shorouk quoted CEO and Managing Director Mohamed Hany El Assal as saying.
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The issuance would be the second tranche of the property developer’s EGP 2.5 bn securitization program. The first EGP 794 mn tranche closed late last month.
The company is also in talks with several banks for an EGP 1.2 bn loan alongside the securitization, El Assal reportedly said, adding that EFG Hermes is advising on both the potential loan and the securitization.
