News Details

Palm Hills Developments (PHDC.CA) Successfully Closes its Largest Securitization Bond Issuance Bac

30/11/2020

Palm Hills Developments (PHDC.CA) announced the successful closing of its latest securitization bond ("The Bond") backed by receivables portfolio of EGP 1.5bn, in cooperation with Arab African International Bank ("AAIB") and CI Capital Holding (CICH.CA). It’s worth noting that AAIB acted through its investment banking arm as the financial advisor, manager and promoter jointly with CICH. In addition, AAIB has cooperated with Commercial International Bank (CIB) (COMI.CA) and Ahli United Bank ("AUB") as underwriters. AAIB acted as the custodian. (Company’s Press Release)

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