ZH advises CORPLEASE on its inaugural EGP 2 billion corporate bond issuance

We are pleased to announce that we have advised on the successful completion of the First Issuance of a Corporate Bond Issuance Program for Corporate Leasing Company Egypt SAE (CORPLEASE) valued at of EGP 2 billion with a 12 month-tenor, which received an investment grade “P2” rating from Middle East Rating and Investor Services (MERIS).

This landmark transaction falls under the company’s First Multiple-Issuances Program of Short-Term Notes slated for EGP 5 billion and USD 100 million in total to be released over two years, marking one of the largest and most sophisticated non-sovereign bond issuances in Egypt’s market history to date.

The issuance was fully covered by a diverse group of non-bank institutional investors, underscoring strong market confidence in CORPLEASE’s solid position in Egypt’s capital market landscape.

Our team of lawyers was led by Helal El Hossary, Partner and Head of Capital Markets & Corporate Procedures, and included Senior Associates, Mohamed Saeed and Omar Fouda, as well as Associates Farida Fayez and Ahmed Adel Ammar. The team carried out extensive due diligence, coordinated closely with the concerned authorities to secure all necessary approvals, and managed the drafting and documentation processes which brought this transaction to fruition.