Commercial International Bank (CIB) has finalized a securitization issuance worth 1.307 billion Egyptian pounds ($27.3 million) on behalf of B.TECH. For this transaction, completed in mid-April, CIB acted as the exclusive financial advisor, lead arranger, issuance manager, promoter, and subscriber. This operation, structured in a single tranche with a maturity of 12 months, represents the third phase of B.TECH’s 14th securitization program, with a total envelope of 10 billion Egyptian pounds ($208.8 million) over two years.
Middle East Rating & Investors Service (MERIS) has assigned a credit rating of “P1” to this issuance, based on the strength of the underlying portfolio and the guarantees offered to bondholders. The operation attracted strong demand from investors, including investment funds managed by CI Asset Management and Arab African Investment Management. Matouk Bassiouny & Hennawy provided legal advice, while Baker Tilly acted as the certified financial auditor.
This transaction is part of a sustainable collaboration model between CIB and B.TECH, with both entities conducting approximately three securitization operations per year. According to statements from the bank’s management, this partnership aims to provide flexible financing solutions to support the company’s growth projects. The technical objective is to address the rapid development of the consumer credit sector in Egypt through structured financing mechanisms.
CIB’s strategy through this issuance is based on providing financial solutions to stimulate investment in vital sectors. By acting as the central point of this fundraising, the bank facilitates access to capital for consumer financing. This technical approach helps mobilize market resources to promote sectoral growth and strengthen the liquidity of major economic players in the Egyptian market.
