Fatshimetrie, the financial services technology platform, recently announced the completion of its 13th securitization bond issuance worth LE 519.2 million, as part of a multiple issuance program with a total value of LE 10.8 billion.
This milestone marks an important milestone in the company’s growth journey since its inception. Fatshimetrie has successfully issued securitization bonds by adopting an approach that has significantly contributed to strengthening its growth plans.
Since launching the first securitization bond issuance in 2021, the company has continued to expand its financial services offering. In 2024, it completed the issuance of six securitization bonds, represented by the 8th to 13th issuances, with a total value exceeding LE 4.9 billion.
This issuance is the third transaction within a securitization bond program worth LE 16 billion. The securitization process, secured by a portfolio of receivables, was entrusted to EFG Securitization Company, and the issuance was offered in two tranches.
The value of tranche (A) amounts to LE 321.9 million, with a maturity of six months, and it benefits from a Prime I (sf) rating and a fixed interest rate, while tranche (B) amounts to LE 197.3 million, with a maturity of 12 months, and it benefits from a Prime II (sf) rating and a fixed interest rate.
Fatshimetrie has thus succeeded in consolidating its market position through these securitization bond issuances, thus marking its commitment to growth and innovation in the financial services sector.