CI Capital the diversified financial services group, announced Tuesday the successful conclusion of an EGP 15bn securitized bond issuance on behalf of Al Taamir Securitization, the originator of The New Urban Communities Authority (NUCA). The transaction is considered one of the largest securitized bond issuances in the history of the Egyptian market. The issuance comes in 4 tranches: the first valued at EGP 1.26bn, with a tenor of 12 months, received a Prime 1 rating, the highest from Middle East Ratings and Investor Services (MERIS). The second tranche, valued at EGP 3.93bn, with a tenor of 36 months, received an AA rating. The third tranche, valued at EGP 4.822bn, with a tenor of 60 months, received a rating of AA-. The fourth tranche valued at EGP 4.987bn, with a tenor of 79 months, received a rating of A-.