{"id":324093,"date":"2021-12-05T10:24:18","date_gmt":"2021-12-05T10:24:18","guid":{"rendered":"https:\/\/egy-africa.com\/en\/?p=324093"},"modified":"2021-12-05T10:24:18","modified_gmt":"2021-12-05T10:24:18","slug":"palm-hills-closes-seventh-securitisation-bond-issuance-worth-egp-1-05bn","status":"publish","type":"post","link":"https:\/\/egy-africa.com\/en\/2021\/12\/05\/palm-hills-closes-seventh-securitisation-bond-issuance-worth-egp-1-05bn\/","title":{"rendered":"Palm Hills closes seventh securitisation bond issuance worth EGP 1.05bn"},"content":{"rendered":"<p>Palm Hills Developments\u00a0(PHD) has completed\u00a0its seventh securitisation bond issuance backed by a receivables portfolio of around EGP 1.05 billion, in cooperation with\u00a0Sarwa Capital, a subsidiary of\u00a0Contact Financial Holding.<\/p>\n<div id=\"Outstream\"><\/div>\n<p>Issued in four tranches\u00a0with ratings of AA+, AA, A+, A-,\u00a0the bonds are\u00a0related to\u00a0331 handed over residential units, according to a bourse filing on Thursday.<\/p>\n<p>The issuance was fully underwritten and co-arranged by several\u00a0banks, including\u00a0National Bank of Egypt, Banque Misr, Misr Capital,\u00a0Commercial International Bank &#8211; Egypt, and Ahli United Bank &#8211; Egypt.<\/p>\n<p><strong>PHD\u2019s Executive Chairman,\u00a0Yasseen Mansour,<\/strong>\u00a0said:\u00a0<em>&#8220;I am very pleased with the successful closing of our seventh securitisation transaction, bringing our gross securitised receivables portfolio to EGP 6.2 billion since we started the programme back in 2016.&#8221;<\/em><\/p>\n<p>Meanwhile,\u00a0<strong>Contact Financial\u2019s Group CFO,\u00a0Ayman El Sawy,<\/strong>\u00a0commented:\u00a0<em>&#8220;We are pleased to successfully close the seventh securitisation bond for Palm Hills Developments issued as part of the agreed securitization program in which we issued together around EGP 4.6 billion.&#8221;<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0Palm Hills Developments\u00a0(PHD) has completed\u00a0its seventh securitisation bond issuance backed by a receivables portfolio of around EGP 1.05 billion, in cooperation with\u00a0Sarwa Capital, a subsidiary of\u00a0Contact Financial Holding.<\/p>\n","protected":false},"author":4,"featured_media":324094,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[33,23],"tags":[],"class_list":["post-324093","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-main","category-money-markets"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Palm Hills closes seventh securitisation bond issuance worth EGP 1.05bn - egy-africa<\/title>\n<meta name=\"description\" content=\"\u00a0Palm Hills Developments\u00a0(PHD) has completed\u00a0its seventh securitisation bond issuance backed by a receivables portfolio of around EGP 1.05 billion, in cooperation with\u00a0Sarwa Capital, a subsidiary of\u00a0Contact Financial Holding.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/egy-africa.com\/en\/2021\/12\/05\/palm-hills-closes-seventh-securitisation-bond-issuance-worth-egp-1-05bn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Palm Hills closes seventh securitisation bond issuance worth EGP 1.05bn - egy-africa\" \/>\n<meta property=\"og:description\" content=\"\u00a0Palm Hills Developments\u00a0(PHD) has completed\u00a0its seventh securitisation bond issuance backed by a receivables portfolio of around EGP 1.05 billion, in cooperation with\u00a0Sarwa Capital, a subsidiary of\u00a0Contact Financial Holding.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/egy-africa.com\/en\/2021\/12\/05\/palm-hills-closes-seventh-securitisation-bond-issuance-worth-egp-1-05bn\/\" \/>\n<meta property=\"og:site_name\" content=\"egy-africa\" \/>\n<meta property=\"article:published_time\" content=\"2021-12-05T10:24:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/12\/apartment-for-sale-palm-hills-new-cairo.jpg?fit=668%2C452&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"668\" \/>\n\t<meta property=\"og:image:height\" content=\"452\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Aya Abdulghany\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Aya Abdulghany\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/egy-africa.com\/en\/2021\/12\/05\/palm-hills-closes-seventh-securitisation-bond-issuance-worth-egp-1-05bn\/\",\"url\":\"https:\/\/egy-africa.com\/en\/2021\/12\/05\/palm-hills-closes-seventh-securitisation-bond-issuance-worth-egp-1-05bn\/\",\"name\":\"Palm Hills closes seventh securitisation bond issuance worth EGP 1.05bn - egy-africa\",\"isPartOf\":{\"@id\":\"https:\/\/egy-africa.com\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/egy-africa.com\/en\/2021\/12\/05\/palm-hills-closes-seventh-securitisation-bond-issuance-worth-egp-1-05bn\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/egy-africa.com\/en\/2021\/12\/05\/palm-hills-closes-seventh-securitisation-bond-issuance-worth-egp-1-05bn\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/12\/apartment-for-sale-palm-hills-new-cairo.jpg?fit=668%2C452&ssl=1\",\"datePublished\":\"2021-12-05T10:24:18+00:00\",\"dateModified\":\"2021-12-05T10:24:18+00:00\",\"author\":{\"@id\":\"https:\/\/egy-africa.com\/en\/#\/schema\/person\/b6ceac9edb8a4f4971905ea65a568131\"},\"description\":\"\u00a0Palm Hills Developments\u00a0(PHD) has completed\u00a0its seventh securitisation bond issuance backed by a receivables portfolio of around EGP 1.05 billion, in cooperation with\u00a0Sarwa Capital, a subsidiary of\u00a0Contact Financial Holding.\",\"breadcrumb\":{\"@id\":\"https:\/\/egy-africa.com\/en\/2021\/12\/05\/palm-hills-closes-seventh-securitisation-bond-issuance-worth-egp-1-05bn\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/egy-africa.com\/en\/2021\/12\/05\/palm-hills-closes-seventh-securitisation-bond-issuance-worth-egp-1-05bn\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/egy-africa.com\/en\/2021\/12\/05\/palm-hills-closes-seventh-securitisation-bond-issuance-worth-egp-1-05bn\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/12\/apartment-for-sale-palm-hills-new-cairo.jpg?fit=668%2C452&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/12\/apartment-for-sale-palm-hills-new-cairo.jpg?fit=668%2C452&ssl=1\",\"width\":668,\"height\":452},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/egy-africa.com\/en\/2021\/12\/05\/palm-hills-closes-seventh-securitisation-bond-issuance-worth-egp-1-05bn\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/egy-africa.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Palm Hills closes seventh securitisation bond issuance worth EGP 1.05bn\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/egy-africa.com\/en\/#website\",\"url\":\"https:\/\/egy-africa.com\/en\/\",\"name\":\"egy-africa\",\"description\":\"Just another WordPress site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/egy-africa.com\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/egy-africa.com\/en\/#\/schema\/person\/b6ceac9edb8a4f4971905ea65a568131\",\"name\":\"Aya Abdulghany\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/egy-africa.com\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f3d34a871038964ff1f9085ae2941bc2?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f3d34a871038964ff1f9085ae2941bc2?s=96&d=mm&r=g\",\"caption\":\"Aya Abdulghany\"},\"sameAs\":[\"http:\/\/egy-africa.com\",\"mohamed nour\"],\"url\":\"https:\/\/egy-africa.com\/en\/author\/aya-abdulghany\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Palm Hills closes seventh securitisation bond issuance worth EGP 1.05bn - egy-africa","description":"\u00a0Palm Hills Developments\u00a0(PHD) has completed\u00a0its seventh securitisation bond issuance backed by a receivables portfolio of around EGP 1.05 billion, in cooperation with\u00a0Sarwa Capital, a subsidiary of\u00a0Contact Financial Holding.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/egy-africa.com\/en\/2021\/12\/05\/palm-hills-closes-seventh-securitisation-bond-issuance-worth-egp-1-05bn\/","og_locale":"en_US","og_type":"article","og_title":"Palm Hills closes seventh securitisation bond issuance worth EGP 1.05bn - egy-africa","og_description":"\u00a0Palm Hills Developments\u00a0(PHD) has completed\u00a0its seventh securitisation bond issuance backed by a receivables portfolio of around EGP 1.05 billion, in cooperation with\u00a0Sarwa Capital, a subsidiary of\u00a0Contact Financial Holding.","og_url":"https:\/\/egy-africa.com\/en\/2021\/12\/05\/palm-hills-closes-seventh-securitisation-bond-issuance-worth-egp-1-05bn\/","og_site_name":"egy-africa","article_published_time":"2021-12-05T10:24:18+00:00","og_image":[{"width":668,"height":452,"url":"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/12\/apartment-for-sale-palm-hills-new-cairo.jpg?fit=668%2C452&ssl=1","type":"image\/jpeg"}],"author":"Aya Abdulghany","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Aya Abdulghany","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/egy-africa.com\/en\/2021\/12\/05\/palm-hills-closes-seventh-securitisation-bond-issuance-worth-egp-1-05bn\/","url":"https:\/\/egy-africa.com\/en\/2021\/12\/05\/palm-hills-closes-seventh-securitisation-bond-issuance-worth-egp-1-05bn\/","name":"Palm Hills closes seventh securitisation bond issuance worth EGP 1.05bn - egy-africa","isPartOf":{"@id":"https:\/\/egy-africa.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/egy-africa.com\/en\/2021\/12\/05\/palm-hills-closes-seventh-securitisation-bond-issuance-worth-egp-1-05bn\/#primaryimage"},"image":{"@id":"https:\/\/egy-africa.com\/en\/2021\/12\/05\/palm-hills-closes-seventh-securitisation-bond-issuance-worth-egp-1-05bn\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/12\/apartment-for-sale-palm-hills-new-cairo.jpg?fit=668%2C452&ssl=1","datePublished":"2021-12-05T10:24:18+00:00","dateModified":"2021-12-05T10:24:18+00:00","author":{"@id":"https:\/\/egy-africa.com\/en\/#\/schema\/person\/b6ceac9edb8a4f4971905ea65a568131"},"description":"\u00a0Palm Hills Developments\u00a0(PHD) has completed\u00a0its seventh securitisation bond issuance backed by a receivables portfolio of around EGP 1.05 billion, in cooperation with\u00a0Sarwa Capital, a subsidiary of\u00a0Contact Financial Holding.","breadcrumb":{"@id":"https:\/\/egy-africa.com\/en\/2021\/12\/05\/palm-hills-closes-seventh-securitisation-bond-issuance-worth-egp-1-05bn\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/egy-africa.com\/en\/2021\/12\/05\/palm-hills-closes-seventh-securitisation-bond-issuance-worth-egp-1-05bn\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/egy-africa.com\/en\/2021\/12\/05\/palm-hills-closes-seventh-securitisation-bond-issuance-worth-egp-1-05bn\/#primaryimage","url":"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/12\/apartment-for-sale-palm-hills-new-cairo.jpg?fit=668%2C452&ssl=1","contentUrl":"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/12\/apartment-for-sale-palm-hills-new-cairo.jpg?fit=668%2C452&ssl=1","width":668,"height":452},{"@type":"BreadcrumbList","@id":"https:\/\/egy-africa.com\/en\/2021\/12\/05\/palm-hills-closes-seventh-securitisation-bond-issuance-worth-egp-1-05bn\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/egy-africa.com\/en\/"},{"@type":"ListItem","position":2,"name":"Palm Hills closes seventh securitisation bond issuance worth EGP 1.05bn"}]},{"@type":"WebSite","@id":"https:\/\/egy-africa.com\/en\/#website","url":"https:\/\/egy-africa.com\/en\/","name":"egy-africa","description":"Just another WordPress site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/egy-africa.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/egy-africa.com\/en\/#\/schema\/person\/b6ceac9edb8a4f4971905ea65a568131","name":"Aya Abdulghany","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/egy-africa.com\/en\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f3d34a871038964ff1f9085ae2941bc2?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f3d34a871038964ff1f9085ae2941bc2?s=96&d=mm&r=g","caption":"Aya Abdulghany"},"sameAs":["http:\/\/egy-africa.com","mohamed nour"],"url":"https:\/\/egy-africa.com\/en\/author\/aya-abdulghany\/"}]}},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/12\/apartment-for-sale-palm-hills-new-cairo.jpg?fit=668%2C452&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/pcF3XZ-1mjj","_links":{"self":[{"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/posts\/324093","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/comments?post=324093"}],"version-history":[{"count":1,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/posts\/324093\/revisions"}],"predecessor-version":[{"id":324095,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/posts\/324093\/revisions\/324095"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/media\/324094"}],"wp:attachment":[{"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/media?parent=324093"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/categories?post=324093"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/tags?post=324093"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}