Tasaheel Closes Egypt’s Largest Corporate Bond Issuance at EGP 2.5 Billion

Tasaheel, the microfinance arm of MNT-Halan, has successfully closed a EGP 2.5 billion corporate bond issuance, marking the largest issuance of its kind to date in Egypt, according to a company statement. The issuance was structured in two tranches with 12-month and 36-month tenors, and received a BBB+ investment-grade rating from the Middle East Ratings and Investors Service (MERIS).

“This issuance supports our ability to meet growing demand for business loans and reinforces the scale and efficiency of our lending operations,” said Islam Ayyoub, Managing Director of Tasaheel. “It reflects strong investor confidence in our business model and our commitment to expanding support for SMEs across Egypt.”

Key Details:

• Amount: EGP 2.5 billion
• Tranches: Two (12 months and 36 months)
• Credit Rating: BBB+ (MERIS)
• Purpose: Expand lending capacity for SMEs in Egypt

Advisors:

• Issuance Manager & Bookrunner: CI Capital
• Financial Auditor: KPMG
• Legal Counsel: Matouk Bassiouny & Hennawy

Tasaheel’s Continued Debt Market Activity:

This is Tasaheel’s third major debt issuance in 2025, following:

• A EGP 5.1 billion securitized bond in early January
• A EGP 7 billion social sukuk issuance the following month

These back-to-back issuances underscore Tasaheel’s growing role in Egypt’s financial sector and its strategy to diversify funding sources to serve Egypt’s growing base of small and medium enterprises.