Commercial International Bank–Egypt (CIB) has completed the seventh securitization issuance for GlobalCorp for Financial Services, with a total value of EGP 2.3bn. The deal marks the fifth collaboration between the two institutions. CIB said the issuance supports companies by enhancing cash flows, strengthening capital structures, and offering innovative financing solutions that stimulate economic growth and meet evolving market needs. The transaction was executed through broad cooperation among leading financial institutions. CIB, in partnership with Al Ahly Pharos, acted as financial advisor, issuance manager, arranger, general coordinator, and offering promoter. CIB, the National Bank of Egypt (NBE), Suez Canal Bank, and Al Ahly Pharos served as underwriters, with CIB as custodian and NBE as receiving bank. Participating banks included Emirates NBD, SAIB, Attijariwafa Bank, and the Export Development Bank of Egypt. Al-Drini and Partners acted as legal advisor, while Baker Tilly – Mohamed Hilal and Wahid Abdel Ghafar – audited the issuance. The offering was structured in three tranches: the first valued at EGP 1.03bn with a 25-month tenor and rated AA+ by MERIS; the second worth EGP 648m with a 37-month tenor and rated AA; and the third amounting to EGP 640m with a 53-month tenor, rated A-. Commenting on the deal, Amr El-Ganainy, Deputy CEO and Executive Board Member at CIB, said the success reflects the bank's strategy to address market challenges and expand its investor base by offering diverse investment tools, while continuing to support companies and institutions with innovative financing alternatives. Omar El-Husseiny, CEO of Global Markets at CIB, said the transaction underscores CIB's expertise in debt structuring and advisory, reinforcing its role as a trusted financial partner in Egypt. Heba Abdel Latif, Head of Financial Institutions at CIB, noted that the issuance highlights the bank's commitment to supporting the non-banking sector and providing sustainable financing solutions that drive growth. Meanwhile, Gilan El-Seginy, Head of Debt Instruments and Capital Markets at CIB, said the successful issuance reflects GlobalCorp's confidence in its partnership with CIB and reaffirms the bank's focus on delivering innovative products that align with client aspirations and strengthen its leadership in the debt capital market.
