Bond Value Adjustment for Capital For Securitization Reflects Market Assessment

Strategic Insights -

The Egyptian Exchange (EGX) has adjusted the value of bonds issued by Capital For Securitization following a periodic partial redemption. This change reflects a strategic adjustment in the market value of these bonds, ensuring they align with current financial assessments. The adjustment concerns the First Issuance - Fifth Program Tranche B December 2026 F.R. bonds, which have a total listed value of EGP 403.94 million after the partial redemption. The total number of bonds is 6,956,000, each with a par value of EGP 58.07102.

Key Takeaways:

  • The bond value adjustment concerns the First Issuance - Fifth Program Tranche B December 2026 F.R. bonds, which have a total listed value of EGP 403.94 million.
  • The bonds are distributed over 6,956,000 bonds, each with a par value of EGP 58.07102.
  • The partial redemption reflects a strategic adjustment in the market value of these bonds, ensuring their alignment with current financial assessments.
  • The bonds offer a fixed annual return rate of 22.5 percent, with monthly payouts commencing from the first month of issuance.
  • The adjustment is classified as a Moderate move, indicating a fairly stable market response to the partial redemption.
  • The bonds have been given a local rating of AA by MERIS.
  • The periodic partial redemption is scheduled to take effect in the Egyptian Exchange (EGX) database starting from the trading session on August 31, 2025.

Statistics:

  • Total listed value of the bonds after the partial redemption: EGP 403.94 million.
  • Number of bonds: 6,956,000.
  • Par value of each bond: EGP 58.07102.
  • Annual return rate of the bonds: 22.5 percent.
  • Date of the adjustment take effect in the EGX database: August 31, 2025.
  • Local rating of the bonds: AA by MERIS.

Sources:

  • Egyptian Exchange (EGX)
  • MCDR
  • MERIS
  • Letter received from MCDR on August 27, 2025.