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Periodic Partial Redemption of Beltone Securitization Bonds Triggers Market Attention

Strategic Insights

— 1 min read

The periodic partial redemption of bonds issued by Beltone Securitization has been marked by a significant adjustment in the listed value of these bonds. According to a letter from the Misr for Central Clearing, Depository and Registry (MCDR), dated October 28, 2025, the first installment of the periodic partial redemption has been executed for the listed bonds of Beltone Securitization's First Issuance - Second Program Tranche D, which matures in July 2030. This adjustment has resulted in a total listed value of EGP 177,999,999.99, distributed over 2,030,000 bonds, each with a par value of EGP 87.68472. The Egyptian Exchange (EGX) will implement these modifications in its database from the trading session starting October 30, 2025.

Key Takeaways:

  • The periodic partial redemption of Beltone Securitization bonds resulted in a total listed value adjustment to EGP 177,999,999.99.
  • The adjustment is distributed over 2,030,000 bonds, each with a par value of EGP 87.68472.
  • The bonds carry a local credit rating of (A-) from the Middle East Rating & Investors Service (MERIS).
  • The bonds offer a variable annual return rate, pegged to the Lending Rate (corridor) announced by the Central Bank, with an additional margin of 0.70%.
  • The return is disbursed monthly, beginning from the month following the issuance.
  • The Egyptian Exchange (EGX) will implement the modifications in its database from the trading session starting October 30, 2025.
  • The financial market is closely monitoring this adjustment, which is expected to influence bond trading dynamics in the designated market category.
  • The adjustment caters to the maturity in July 2030.
  • Beltone Securitization's First Issuance - Second Program Tranche D involves a total of 2,030,000 bonds.

Statistics:

  • Total listed value: EGP 177,999,999.99
  • Number of bonds: 2,030,000
  • Par value per bond: EGP 87.68472
  • Return rate: variable, pegged to the Lending Rate (corridor) + 0.70%
  • Issue start date: not specified
  • Maturity date: July 2030

Sources:

  • Egyptian Exchange (October 29, 2025)
  • Misr for Central Clearing, Depository and Registry (MCDR), letter dated October 28, 2025

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