Tamweel Securitization's Bond Value Modification Hits Egyptian Exchange

Tamweel Securitization's listed bonds have undergone a significant change in their total value following a periodic partial redemption. The modification, communicated by the Misr for Central Clearing, Depository and Registry (MCDR) on September 1, 2025, affects the bond's listed value, which now stands at 469.10 million Egyptian pounds. This development, set to take effect on the Egyptian Exchange (EGX) starting from the trading session on September 3, 2025, is expected to have a substantial impact on the bond's trading dynamics and valuation.

Key Takeaways:

• The partial redemption has resulted in a modification of the total listed value of Tamweel Securitization's bonds, now standing at 469.10 million Egyptian pounds.
• The bonds, part of Tamweel Securitization's First Issuance - Fourth Program Tranche A, are set to mature in November 2026.
• 6,257,000 bonds remain, each with a par value of 74.97203 Egyptian pounds.
• The bond tranche holds a local rating of AA+ by the Middle East Rating and Investors Service (MERIS) and carries a variable annual return rate linked to the Central Bank's announced lending rate, with an additional margin of 0.55 percent, paid monthly from the month following issuance.
• The adjustment is expected to impact the trading dynamics and valuation of Tamweel Securitization's bonds in the market.
• Investors and market analysts are closely monitoring the impact of this development on the bond's performance, considering its current rating and the ongoing economic conditions influencing interest rates and financial markets in Egypt.
• The periodic partial redemption marks a significant move in the financial structuring of the bonds, potentially affecting investor interest and market performance in the designated market category.