Thirty Second Issuance

1. Issuance Overview

Issue Date : 04-12-2019 Currency : EGP
Issue Name : 32nd Issue Originator :
    - Contact Auto Credit Company
    - Bavarian-Contact Car Trading Company
    - Star Auto Credit Company
    - Contact-Egyptian International Company
    - EZZ Elarab-Contact Financial Company
    - Modern Finance Company
Bond Type : Securitization Bond Underlying Portfolio : Auto Loan Installments Sale Contracts
Issuer Name : Sarwa Securitization Company Structuring Arranger : Sarwa Capital
Issue Size : 1.814 Billion Underwriters :
    - Banque Misr
    - Arab African International Bank
    - Commercial International Bank (CIB)
    - Egyptian Gulf Bank
    - Ahli United Bank
    - Misr Capital Investment

Attachments

Prospectus : PDF File Agenda : PDF File
Rating Reports : PDF File Issuing Review : PDF File

2. Issuance Details

Tranche A Tranche B Tranche C
Original Balance 563mn 940mn 311mn
Outstanding Balance 461.25mn 893.95mn 311mn
Maturity Date Dec-20 Dec-22 Oct-24
Coupons:
  • Coupon Rate
12.28% 12.98% 13.28%
  • Last Coupon
Feb-20 Feb-20 Feb-20
  • Next Coupon
March-20 March-20 March-20
Original Tenor 13 Months 37 Months 59 Months
Payment Quarterly (Senior) Monthly (Subordinated) Monthly (Junior Subordinated)
Bondholder Meeting 05-02-2020 05-02-2020 05-02-2020
Calling date - - -

3. Calculator

Current Par Value : 0.00