_1777352142843_145525226.png&w=64&q=75){kind=small}
CIB Secures 1.383B EGP in First Securitization
The Commercial International Bank (CIB) successfully conducted an initial issuance under its eighteenth program, amounting to 1.383 billion Egyptian pounds, in support of the Small and Micro Enterprise Development Authority. The goal is to promote sustainable financing for small projects. The first tranche is valued at 987.6 million pounds, due within 12 months, and carries a credit rating of (P1). The second tranche is worth 395.6 million pounds, due in 19 months, and has a rating of (A). This issuance marks the beginning of a three-year program with a total value of up to 5 billion pounds, aimed at boosting financing and creating employment opportunities.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)