El Taamir Securitization Announces Periodic Partial Redemption of Listed Bonds

Strategic Insights -

As part of its strategic plan, El Taamir Securitization has made a significant move in the Egyptian bond market. In a letter from the Misr for Central Clearing, Depository, and Registry (MCDR) dated August 3, 2025, the company announced the periodic partial redemption of its listed bonds for the sixth issue, Tranche C, scheduled to be redeemed in March 2027. This move represents the fourth installment in the redemption process, bringing the total listed value of the bonds to EGP 167.71 million, distributed among 2,025,000 bonds, each with a par value of EGP 82.81754.

Key Takeaways:

  • El Taamir Securitization has announced the periodic partial redemption of its listed bonds for the sixth issue, Tranche C, scheduled to be redeemed in March 2027.
  • This move marks the fourth installment in the redemption process, with a total listed value of EGP 167.71 million distributed among 2,025,000 bonds.
  • The bonds have a par value of EGP 82.81754 and are listed on the Egyptian Exchange (EGX).
  • The bonds are locally rated by the Middle East Rating and Investors Service (MERIS) as (A) and feature a variable annual return rate, calculated based on the lending rate announced by the Central Bank plus a margin of 0.60 percent, payable monthly.
  • The designation of these bonds falls under the financial sector category, reflecting their structured nature within the domain of securitized financial instruments.
  • The adjustments to the bond value and distribution are scheduled to take effect on the database of the Egyptian Exchange (EGX) starting from the trading session on August 5, 2025.
  • This move demonstrates El Taamir Securitization's commitment to transparency and transparency in its bond issuances.

Statistics:

  • Total listed value of the bonds: EGP 167.71 million
  • Number of bonds: 2,025,000
  • Par value of each bond: EGP 82.81754
  • Variable annual return rate: calculated based on the lending rate announced by the Central Bank plus a margin of 0.60 percent, payable monthly
  • Rating: locally rated by the Middle East Rating and Investors Service (MERIS) as (A)

Sources:

  • [Misr for Central Clearing, Depository, and Registry (MCDR)] dated August 3, 2025.
  • Egyptian Exchange (EGX)