Fawry MSME Finance Completes First Securitized Bond Issuance Worth EGP 497.5 Million, with CI Capital as Lead Advisor

28 May 2025 – (Cairo, Egypt):

Fawry, (the “Company”, FWRY.CA on the Egyptian Exchange), Egypt’s leading Fintech, has announced that its fully owned subsidiary Fawry MSME Finance, a leading provider of financial solutions to Egypt’s micro, small, and medium-sized enterprises, is pleased to announce the successful completion of its first securitization issuance, amounting to a total value of EGP 497.5 million. This transaction marks the initial tranche under a broader securitization program, paving the way for future issuances.

The issuance marks a significant milestone for Fawry MSME Finance as it diversifies its funding sources to support the growing demand for credit among Egypt’s MSME sector. The transaction is backed by a securitized portfolio of receivables originated by the company and reflects the strong quality of its credit portfolio and robust underwriting standards.

CI Capital served as the financial advisor, arranger, issuance manager, and bookrunner for the transaction, bringing deep market expertise and strategic guidance throughout the process. EG Bank acted as the custodian, Russell Bedford as the auditor of the issuance, and Matouk Bassiouny & Hennawy as the legal advisor.

The bond issuance, approved by the Financial Regulatory Authority (FRA) and rated A- (investment grade) by Middle East Ratings and Investor Services (MERIS), was structured as a single tranche totaling EGP 497.5 million with a tenor of 13 months.

Alexander Levchenko, Chief Executive Officer of Fawry MSME Finance, commented: “This securitization is a strategic step in our mission to scale our lending operations and provide greater access to finance for MSMEs across Egypt. The strong investor appetite reflects confidence in our model, our portfolio performance, and the strength of Egypt’s MSME sector.”

Amr Helal, CEO of the Investment Bank (Sell-Side) at CI Capital: “The first issuance for Fawry MSME Finance reflects our vision at CI Capital to enable companies to access sustainable sources of financing that support their expansion.

We remain committed to developing the Egyptian debt capital markets and enhancing debt products as effective tools to drive corporate growth. I truly value our partnership with Fawry, which is built on strong mutual trust, and this transaction reaffirms CI Capital’s ability to structure and deliver complex deals tailored to the evolving needs of the market”.

Eng. Ashraf Sabry, Chief Executive Officer of Fawry, commented: “Achieving an A- rating from MERIS in our first issuance is a testament to the credibility of our underwriting practices and the strength of our portfolio.

It also signals growing market confidence in the MSME lending space. We are also very proud to have partnered with CI Capital on this landmark transaction. Their deep market knowledge and execution capabilities played a crucial role in the successful closure of this deal”.

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CI Capital Successfully Concludes the First Securitization Bond Issuance for Fawry MSME Finance with a total value of EGP 497.5 million