Regulatory Alerts2011-01-01
Capital Market Authority Board Decision No. 30 of 2011
The Capital Market Authority of Egypt issued Decision No. 30 of 2011 to authorize joint-stock companies and legal entities to issue bonds in tranches for short-term financing under strict regulatory conditions. The decision mandates a minimum thirteen-month maturity per tranche, restricts early repayment to after six months, and requires full publication of periodic credit ratings in two major daily newspapers. Issuers must also submit board resolutions, auditor-certified current ratio documentation, and guarantee details with each tranche notification to comply with the new framework.
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