Arab Finance: The work team in the debt markets sector at the company succeeded CI Capital In successfully completing 4 issuances at the end of 2024, which reflects the company’s commitment to meeting market needs and providing innovative financing solutions, according to the statement sent on January 6.
The issuance of the Contact Group of Companies comes in three tranches: the first is worth 244 million pounds with a maturity period of 13 months, the second is worth 760 million pounds with a maturity period of 37 months, and the third is worth 210 million pounds with a maturity period of 60 months. The tranches received distinguished credit ratings from Meris – Middle East Credit Rating and Investor Service Company, where the first tranche received an AA+ rating, while the second tranche received an AA rating and the third received an A rating.
It is noteworthy that CI Capital acted as the IPO promoter and underwriter for the issuance.
As for the issuance of GB Financial Leasing and Factoring, it came in 4 tranches, the first at a value of 429.5 million pounds with a maturity period of 13 months, the second at a value of 558.7 million pounds with a maturity period of 26 months, the third at a value of 455 million pounds with a maturity period of 39 months, and the fourth at a value of 376.8 million pounds with a maturity period. 51 months. The tranches received distinguished credit ratings from Meris – Middle East Credit Rating and Investor Service Company, where the first tranche received an AA+ rating, the second tranche received an AA rating, the third received an A rating, and the fourth received an A- rating.
It is noteworthy that CI Capital and Commercial International Bank acted as financial advisor, arranger, general coordinator, issuance manager and promoter.
The third issuance of Aman Consumer Finance Company in 2024 came in 5 tranches, the first with a value of 401 million pounds with a maturity period of 6 months, the second with a value of 280 million pounds with a maturity period of 12 months, the third with a value of 223 million pounds with a maturity period of 24 months, and the fourth with a value of 84 million pounds with a maturity period. 36 months and the fifth, at a value of 91.5 million pounds, with a maturity period of 58 months.
The tranches received distinguished credit ratings from Meris – Middle East Credit Rating and Investor Service Company, where the first and second tranches received a Prime 1 rating, which is the highest credit rating, while the third, fourth and fifth tranches received a rating of A-.
It is noteworthy that CI Capital acted as the sole financial advisor, arranger, general coordinator, issue manager, and promoter.
Finally, Irada's first issuance came in 3 tranches, the first at a value of 371 million pounds with a maturity period of 6 months, the second at a value of 255 million pounds with a maturity period of 12 months, and the third at a value of 92 million pounds with a maturity period of 20 months.
The tranches received distinguished credit ratings from Meris – Middle East Credit Rating and Investor Service Company, where the first and second tranches received a Prime 1 rating, which is the highest credit rating, while the third tranche received a rating of A-.
It is noteworthy that CI Capital acted as the sole financial advisor, arranger, general coordinator, issue manager, and promoter.
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