CI Capital Closes Landmark EGP 2.214B Securitisation Deal in Egypt

Mohammed Fathy

Last updated 7-04-2026

3 min

CI Capital closed a sizeable EGP 2,214 billion securitisation for Halan Consumer Finance.

The deal was split into two tranches with 12 and 18-month tenors.

Despite currency pressures and shifting rates, the transaction went through smoothly.

Executives said it strengthens their “track record” and strategic debt market role.

The move signals Egypt’s capital markets remain “very much alive” and active.

CI Capital has wrapped up a sizeable securitisation deal in Egypt, closing an EGP 2.214 billion bond issuance for Capital for Securitisation, with Halan Consumer Finance as the originator. In a market where liquidity can feel a bit tight and every transaction is watched closely, this one stands out for both its scale and structure.

The issuance was split into two tranches. The first, valued at EGP 1.528 billion, carries a 12-month tenor and received a Prime 1 rating from Middle East Ratings and Investor Services (MERIS). The second tranche came in at EGP 686 million, with an 18-month tenor, and was assigned an A- rating. For those less familiar, securitisation essentially allows a company to bundle receivables and turn them into tradable securities, a tool that, when done right, can be spot on for improving cash flow and freeing up capital.

Amr Helal, CEO of the Investment Bank (Sell-Side) at CI Capital, said the successful execution of Halan’s latest securitisation reflects the firm’s ongoing track record in delivering landmark transactions in Egypt. He noted that the deal further cements CI Capital’s role as a strategic partner in debt capital markets, highlighting its focus on tailored financing solutions for a broad client base.

Mohamed Abbas, Managing Director and Head of Debt Capital Markets at CI Capital, pointed to the strength of the working relationship between the two sides. He referenced their collaboration over the past year, including Halan’s previous securitisation issuance in September 2025, saying the latest transaction builds on that foundation of trust.

And believe it or not, closing such deals in the current macroeconomic climate is no small feat. Egypt’s debt capital markets have faced their fair share of headwinds, from currency pressures to shifting interest rates. I’ve seen founders across the MENA region struggle with financing rounds that suddenly turned into a bit of a faff because of market volatility. So when a transaction of this size goes through smoothly, it does send a signal, quietly but clearly, that structured finance still has strong footing.

CI Capital acted as sole financial adviser, issuance manager, bookrunner and lead arranger for the transaction. Legal advisory was handled by Matouk Bassiouny, while Baker Tilly stepped in as financial auditor.

On the flip side, securitisation is not a silver bullet. I reckon its real strength lies in disciplined execution and strong underwriting standards. Without that, even the best-structured deal can wobble. That said, the repeated collaboration between CI Capital and Halan suggests a partnership that is becoming more institutionalised, which is often what the market likes to see.

For readers at Arageek who keep a close eye on Egypt’s fintech and consumer finance space, this development is definately one to watch. Halan has been steadily building its footprint, and access to structured funding like this can provide the breathing room needed to scale responsibly.

It’s another reminder that, even in a challenging environment, Egypt’s capital markets are very much alive, and still capable of pulling off complex, multi-tranche transactions without missing a beat.

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