Porto Group to issue EGP 48m securitised bonds

Cairo – Mubasher: Porto Group Holding said Thursday that it has signed a contract with Tharwa Capital Management to issue securitised bonds worth EGP 48 million for its real estate portfolio. 

Middle East Rating and Investors Service (MERIS) assigned an "AA+" rating for the first tranche of the securitised bonds, "AA" for the second tranche, and "A" for the third one, according to a bourse filing.

Mubasher Contribution Time: 01-Jun-2017 08:50 (GMT)
Mubasher Last Update Time: 01-Jun-2017 09:20 (GMT)