- 8th Securitized Bond Issue:
The bond was issued in December 2019 over 4 tranches totaling EGP 2,202,995,000 and was backed by 116 financial leasing contracts originated by Corporate Leasing Company – Corplease.
Transaction initial details:
| Tranche | Amount (EGP MM) | % of Notes | Tenor | Floating Coupon (%) | Frequency | Rating |
| A | 385.52 | 17.5% | 13 months | 91 days T-Bills + 0.40% | Monthly | AA+ (sf) |
| B | 886.24 | 40.2% | 37 months | 91 days T-Bills + 0.90% | Monthly | AA (sf) |
| C | 748.77 | 34% | 61 months | 91 days T-Bills + 1.40% | Monthly | AA- (sf) |
| D | 182.465 | 8.3% | 84 months | 91 days T-Bills + 1.80% | Monthly | BBB (sf) |
| Total | 2,202.925 | 100% |
The Notes maturity dates have been extended by 6 months from their initial maturity dates following the FRA initiative dated March 18th, 2020, to postpone lease installments for 6 months (from March 2020 to September 2020) due to the COVID-19 pandemic. Bondholders approved such an extension on May 31st, 2020. The outstanding principal balances of tranches B. C and D have been adjusted by adding the capitalized interest amount covering the 6 months period.
On August 30th, 2021, and based on the issuer request, bondholders agreed on changing the issue pricing reference from the 91 days T-Bills to CBE lending corridor to match with the portfolio pricing reference. Such change was reflected starting from Oct-21 coupon payment.
- 10th Securitized Bond Issue:
The bond was issued in December 2020 over 4 tranches totaling EGP 2,718,320,000 and was backed by 168 financial leasing contracts originated by Corporate Leasing Company – Corplease.
Transaction initial details:
| Tranche | Amount (EGP MM) | % of Notes | Tenor | Floating Coupon (%) | Frequency | Rating |
| A | 576.20 | 21.2% | 13 months | CBE Lending Corridor + 0.15% | Monthly | AA+ (sf) |
| B | 1,277.12 | 46.98% | 37 months | CBE Lending Corridor + 0.30% | Monthly | AA (sf) |
| C | 702.50 | 25.84% | 61 months | CBE Lending Corridor + 0.60% | Monthly | AA- (sf) |
| D | 162.50 | 5.98% | 84 months | CBE Lending Corridor + 0.80% | Monthly | BBB (sf) |
| Total | 2,718.32 | 100% |
- 11th Securitized Bond Issue:
The bond was issued in December 2021 over 4 tranches totaling EGP 2,718,320,000 and was backed by 99 financial leasing contracts originated by Corporate Leasing Company – CorpLease.
Transaction initial details:
| Tranche | Amount (EGP MM) | % of Notes | Tenor | Floating Coupon (%) | Frequency | Rating |
| A | 330 | 14% | 13 months | CBE Lending Corridor + 0.15% | Monthly | AA+ (sf) |
| B | 1,080 | 45.82% | 37 months | CBE Lending Corridor + 0.25% | Monthly | AA (sf) |
| C | 744.6 | 31.59% | 61 months | CBE Lending Corridor + 0.45% | Monthly | AA- (sf) |
| D | 202.4 | 8.59% | 73 months | CBE Lending Corridor + 0.70% | Monthly | BBB (sf) |
| Total | 2,357 | 100% |
- 2nd Program – 2nd issue REEFY:
The 2nd program is totaling EGP 3 billion to be issued over several issues, where the first Bond issue was issued in August 2023 totaling EGP 700,000,000, and this is the second issuance under the same program. The bond was issued in November 2024 over 3 tranches totaling EGP 884,000,000 and was backed by a portfolio of Micro Finance receivables originated by Reefy – Micro Finance Enterprise Services Co.
Transaction initial details:
| Tranche | Amount (EGP MM) | % of Notes | Tenor | Coupon (%) | Frequency | Rating |
| A | 378 | 42.76% | 6 months | Fixed Coupon – 25.75% | Monthly | P1 (sf) |
| B | 355 | 40.16% | 12 months | Fixed Coupon – 26.25% | Monthly | P1 (sf) |
| C | 151 | 17.08% | 18 months | Floating Coupon – 29.25% CBE Lending Corridor + 1% ** | Monthly | A- (sf) |
| Total | 884 | 100% |
** Tranche C coupon % should be revised before each coupon payment based on the prevailed CBE lending rate with a CAP of 30.25% + 1% margin and a FLOOR of 24.25% + 1% margin.
- 2nd Program – 3rd issue REEFY:
The 2nd program is totaling EGP 3 billion to be issued over several issues, where the first Bond issue was issued in August 2023 totaling EGP 700,000,000, the second Bond issue was issued in November 2024 totaling EGP 884,000,000 and this is the third issuance under the same program. The bond was issued in December 2025 over 3 tranches totaling EGP 1,064,000,000 and was backed by a portfolio of Micro Finance receivables originated by Reefy – Micro Finance Enterprise Services Co.
Transaction initial details:
| Tranche | Amount (EGP MM) | % of Notes | Tenor | Coupon (%) | Frequency | Rating |
| A | 451 | 42.39% | 6 months | Fixed Coupon – 21.80% | Monthly | P1 (sf) |
| B | 413 | 38.81% | 12 months | Fixed Coupon – 21.55% | Monthly | P1 (sf) |
| C | 200 | 18.80% | 19 months | Fixed Coupon – 21.30% | Monthly | A- (sf) |
| Total | 1,064 | 100% |
- 13th Securitized Bond Issue:
The bond was issued in December 2023 over 4 tranches totaling EGP 3,177,000,000 and was backed by 142 financial leasing contracts originated by Corporate Leasing Company – CorpLease.
Transaction initial details:
| Tranche | Amount (EGP MM) | % of Notes | Tenor | Floating Coupon (%) | Frequency | Rating |
| A | 392 | 12.34% | 13 months | CBE Lending Corridor + 0.40% | Monthly | AA+ (sf) |
| B | 1,196 | 37.65% | 37 months | CBE Lending Corridor + 0.60% | Monthly | AA (sf) |
| C | 1,308 | 41.17% | 52 months | CBE Lending Corridor + 0.70% | Monthly | A (sf) |
| D | 281 | 8.84% | 65 months | CBE Lending Corridor + 0.80% | Monthly | A (sf) |
| Total | 3,177 | 100% |