Fifth Securitization / التوريقة الخامسة

Fifth Securitization / التوريقة الخامسة

Al Tawfeek Securitization Company (ATS) - Fifth Issue 2024-2028

(Leasing Receivables Pool Originated by Al Tawfeek Leasing Company - A.T.Lease)

This is the fifth securitization transaction issued by the Al Tawfeek Securitization Company (ATS) and the fifth securitization transaction originated by Al Tawfeek Leasing Company S.A.E. (AT Lease).

Al-Tawfeek for Securitization Company, an SPV owned by A.T.LEASE, issued bonds for EGP 1,459,000,000 backed by a static amortization pool of receivables. The pool includes financial lease contracts, with no ballon payments and divided into three tranches as follows:

The fifth transaction made on three tranches, which received on outstanding credit rating of AA+, AA and A respectively from the Middle East Credit Rating and Investor Service (MERIS). The rating is based on the credit quality of the underlying leasing receivables, which reflects the originator's strict underwriting, collection and monitoring guidelines and procedures.

The success of bond issuance reflects the vision of the board of directors and the executive management of the company and its strategy over the past years in building a high-quality portfolio that has made A.T.Lease always at the top rank of the major companies in the leasing industry in Egypt.

The proceeds of the securitization process will be used to enhance the company's financial position, as well as support future growth plans and maximize profitability and return on investment.

Worth mentioning that, Al Ahly Pharos and CI Capital Co. and CIB Bank acted as Financial Advisors , Lead Arranger and Main Underwriter jointly with (CIB Bank, National Bank Of Egypt, Arab African International Bank ¸Banque Du Caire ¸Ebank) and ALC Alieldin Weshahi & Partners acted as Legal Advisor and Baker Tilly - Hilal and Abdel Ghaffar acted as External Auditor and Misr Bank acted as Custodian and Back-Up Servicer.

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