Results of the Bank of Egypt, that the total value of bonds issued by the seventh issued by the bank, amounted to 1.11 billion pounds, after his success in promoting and ensuring coverage of the seventh edition of the securitization bonds to the company, "Connecticut" with a total of 420 million pounds.
Fall distributions version on three different slices possible, and return, where the value of the first tranche of 157 million pounds for a period of 13 months, at a fixed return of 9%, and the value of the second tranche of 190 million pounds for a period of 37 months at a fixed return 10.25%, The value of the third tranche 73 million pounds for a period of 5 years at a fixed return of 11%.
And ask the bank, the seventh issue a private placement, which was opened for subscription on December 20, 2010 after the completion of the IPO process in a period of 7 days.
The total subscriptions in the seventh edition the amount of 1.11 billion pounds, while the coverage ratio reached about 2.64 times, and got the first tranche of a credit rating of AA while I got the second tranche at AA, and got to the third tranche A.
The Bank of Egypt agreement to promote and ensure the full coverage version of the company, in partnership with the Arab African International Bank as a guarantor to cover part of the release.
The Bank of Egypt, succeeded in promoting and ensuring coverage of the sixth issue of bonds securitized $ 470 million pounds, has been putting it for the sixth edition through a public offering and private, and it has been the development of the division of the version on 3 slices of different deadlines and to meet the needs of potential investors and was oversubscribed by 3.67 time.
This is a continuation of the success of Bank of Egypt in the promotion and guarantee underwriting the bonds, as well as a continuation of its leading role as a major backer of the investment and development in Egypt.
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