Fawry MSME Finance Completes Inaugural Securitized Bond Issuance Worth EGP 497.5 Million, with CI Capital as Lead Advisor
In a landmark move to strengthen its financial foundation and support Egypt’s thriving micro, small, and medium-sized enterprise (MSME) sector, Fawry MSME Finance, a wholly owned subsidiary of Fawry (FWRY.CA), announced the successful completion of its first securitization bond issuance worth EGP 497.5 million.
This milestone transaction marks the first tranche under a broader securitization program, positioning Fawry MSME Finance to scale its lending operations and broaden access to credit for underserved businesses across the country.
Backed by a high-quality portfolio of securitized receivables, the issuance reflects Fawry MSME Finance’s strong underwriting standards and the robust performance of its loan book. The transaction has been approved by the Financial Regulatory Authority (FRA) and received an A- (investment grade) rating from Middle East Ratings and Investor Services (MERIS).
CI Capital, a leading investment bank in Egypt, served as financial advisor, arranger, issuance manager, and bookrunner, guiding the transaction with strategic insight and capital market expertise. Additional partners in the transaction include EG Bank as custodian, Russell Bedford as auditor, and Matouk Bassiouny & Hennawy as legal advisor.
Structured as a single 13-month tranche, the issuance strengthens Fawry MSME Finance’s position in the debt capital markets while providing it with greater liquidity and capacity to meet the surging demand for credit from MSMEs.
Commenting on the transaction, Alexander Levchenko, CEO of Fawry MSME Finance, stated:
> “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, added:
> “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. This transaction reaffirms CI Capital’s ability to structure and deliver complex deals tailored to the evolving needs of the market.”
Eng. Ashraf Sabry, CEO of Fawry, highlighted the significance of the achievement:
> “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 proud to have partnered with CI Capital on this landmark transaction.”
This successful bond issuance lays the foundation for future tranches, supporting Fawry’s strategic growth plans and reinforcing its commitment to financial inclusion and sustainable economic development in Egypt.