BM Consumer Finance (Souhoola), a consumer finance company, has completed ab EGP 478m (approximately $15.7m) securitized bond issuance in three tranches, the company announced. CI Capital acted as the issuance manager and principal coordinator for the transaction. The issuance, Souhoola’s first, is intended to support the company’s growth and expansion plans in the Egyptian market. The three tranches comprised EGP 280m with a six-month tenor, rated Prime 1 by Middle East Ratings and Investor Services (MERIS); EGP 139m with a 12-month tenor, also rated Prime 1; and EGP 59m with a 20-month tenor, receiving an A- rating. Ahmed El-Shanawany, managing director of BM Consumer Finance (Souhoola), said the high ratings reflect the quality of the securitized portfolio and strengthen the company’s financing base. “This step directly contributes to expanding the company’s market share in line with Souhoola’s expansion strategy for the coming period,” El-Shanawany said. “This achievement is part of the company’s commitment to its active role in enhancing financial inclusion, according to Egypt Vision 2030, thereby supporting the macroeconomy and achieving sustainable growth.” Fadi Elias, chief financial officer at BM Consumer Finance, added that the securitization reflects the company’s continued growth and strengthens its financial position in accordance with Financial Regulatory Authority guidelines. He noted that the company’s financial position saw a 52% year-on-year growth in Q3 2024, with a 50% increase in its customer portfolio compared to the previous year. Amr Helal, chief executive officer (sell-side) of the Investment Bank at CI Capital, expressed satisfaction with completing Souhoola’s first issuance, part of a planned three-year program totaling EGP 3.5bn. He highlighted CI Capital’s continued leadership in diversified financial services and the efforts of its Debt Capital Markets team. Mohamed Abbas, head of DCM at CI Capital, expressed gratitude for the successful completion of the issuance and noted the growth of Egypt’s debt markets, particularly the increasing number of financing companies completing their first debt issuances with CI Capital’s assistance. This reflects, he said, the growing interest from non-banking financial institutions (NBFIs) in diversifying funding sources and achieving sustainable growth. Established in 2019, Souhoola aims to provide innovative, technology-driven financial solutions to enhance financial inclusion and improve the quality of life for Egyptians. The company integrates financial and commercial expertise to develop solutions addressing economic challenges and provide customers with a seamless shopping experience.NASSAU, Bahamas (AP) — Chucky Hepburn had 16 points, 10 assists and seven steals, Noah Waterman also had 16 points and Louisville beat No. 14 Indiana 89-61 on Wednesday in the opening game of the Battle 4 Atlantis. Louisville (4-1) beat a ranked team for the first time since topping Virginia Tech 73-71 on Jan. 6, 2021. Kasean Pryor scored 10 of his 14 points in the second half and Reyne Smith added 12 points for Louisville. Malik Reneau scored 21 points and Oumar Ballo added 11 for Indiana (4-1). Reneau reached 20-plus points for the eighth time in his career. The Cardinals led 37-29 at the break after making 7 of 17 from 3-point range and shooting 57% overall. Indiana missed six straight shots on two occasions in the first half, sandwiched around a string of seven missed field goals, as the Cardinals shot 9 of 29 (31%). Louisville exploded for 52 second-half points by shooting 66.7% from the field. Pryor missed only one of his six shots in the second half. Louisville quickly built a commanding lead in the second half after starting on an 11-2 run, highlighted by Pryor's fast-break dunk . The lead reached 30 on freshman Khani Rooths' alley-oop dunk that came during the Cardinals’ 16-0 run for a 78-40 lead. Louisville entered the week ranked sixth in the country in 3-point attempts per game at 34. The Cardinals attempted 27 against Indiana and made 10 of them — with four apiece from Waterman and Smith. Louisville also came into the game averaging 19 forced turnovers per game. The Cardinals scored 30 points off 23 Indiana turnovers. Louisville, which played its first road game of the season, faces West Virginia on Thursday. Indiana plays No. 3 Gonzaga in the consolation bracket. Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college basketball: https://apnews.com/hub/ap-top-25-college-basketball-poll and https://apnews.com/hub/college-basketball
Dow up 1% as software stocks climb; Nasdaq wavers; bitcoin blasts through $98KBy LOLITA BALDOR and FATIMA HUSSEIN WEST PALM BEACH, Fla. (AP) — President-elect Donald Trump said Wednesday that he has chosen Keith Kellogg, a highly decorated retired three-star general, to serve as his special envoy for Ukraine and Russia. Kellogg, who is one of the architects of a staunchly conservative policy book that lays out an “America First” national security agenda for the incoming administration, will come into the role as Russia’s invasion of Ukraine enters its third year in February. Trump made the announcement on his Truth Social account, and said “He was with me right from the beginning! Together, we will secure PEACE THROUGH STRENGTH, and Make America, and the World, SAFE AGAIN!” Kellogg, an 80 year-old retired Army lieutenant general who has long been Trump’s top adviser on defense issues, served as national security adviser to Vice President Mike Pence , was chief of staff of the National Security Council and then stepped in as an acting security adviser for Trump after Michael Flynn resigned. As special envoy for Ukraine and Russia, Kellogg will have to navigate an increasingly untenable war between the two nations. The Biden administration has begun urging Ukraine to quickly increase the size of its military by drafting more troops and revamping its mobilization laws to allow for the conscription of troops as young as 18. The White House has pushed more than $56 billion in security assistance to Ukraine since the start of Russia’s February 2022 invasion and expects to send billions more to Kyiv before Biden leaves office in less than months. Trump has criticized the billions that the Biden administration has poured into Ukraine. Washington has recently stepped up weapons shipments and has forgiven billions in loans provided to Kyiv. The incoming Republican president has said he could end the war in 24 hours, comments that appear to suggest he would press Ukraine to surrender territory that Russia now occupies. As a co-chairman of the American First Policy Institute’s Center for American Security, Kellogg wrote several of the chapters in the group’s policy book. The book, like the Heritage Foundation’s “Project 2025,” is a move to lay out a Trump national security agenda and avoid the mistakes of 2016 when he entered the White House largely unprepared. Kellogg in April wrote that “bringing the Russia-Ukraine war to a close will require strong, America First leadership to deliver a peace deal and immediately end the hostilities between the two warring parties.” Related Articles Trump’s proposed national security advisor U.S. Rep. Michael Waltz (R-Fla.) tweeted Wednesday that “Keith has dedicated his life to defending our great country and is committed to bringing the war in Ukraine to a peaceful resolution.” Kellogg was a character in multiple Trump investigations dating to his first term. He was among the administration officials who listened in on the July 2019 call between Trump and Volodymyr Zelenskyy in which Trump prodded his Ukrainian counterpart to pursue investigations into the Bidens. The call, which Kellogg would later say did not raise any concerns on his end, was at the center of the first of two House impeachment cases against Trump, who was acquitted by the Senate both times. On Jan. 6, 2021, hours before pro-Trump rioters stormed the U.S. Capitol, Kellogg, who was then Pence’s national security adviser, listened in on a heated call in which Trump told his vice president to object or delay the certification in Congress of President Joe Biden ’s victory. He later told House investigators that he recalled Trump saying to Pence words to the effect of: “You’re not tough enough to make the call.” Baldor reported from Washington. AP writer Eric Tucker in Washington contributed to this report.AP News Summary at 12:10 a.m. EST
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Diljit Dosanjh Honors Manmohan Singh at ConcertSM approaches 2025 with cautious optimismNYT Connections: Game #568 hints and answers for December 30, 2024: If you are struggling to come up with something to say for today's Connections, you might want to review these concepts and recommendations. NYT Connections: Game #568 hints and answers for December 30, 2024: Are you having issues with NYT Connexions right now? Don’t worry, here are some tips to help you get through it! For this exercise, you have to select four groups of sixteen words each, each with a different level of difficulty. The procedure is gradual and cautious. Every step you take makes it a bit more difficult. Here’s how to make it happen: You may thus begin with the easier stages and progress to the more difficult ones. The green, blue, and purple ones are the hardest, while the yellow one is one of the easiest. Although today’s job isn’t very challenging, it does call for focus and a thorough comprehension of social dynamics. Avoid making hasty decisions without giving them enough thought. I won’t go into too much depth, but the following tips should help you get started. Have fun and keep in mind that travelling to a new place for a holiday is quite fine. NYT Connections hints today If you think you can handle it, keep reading. Try using one of the following words to start each category: YELLOW – CLUB GREEN – BEANS BLUE – ANTE PURPLE – AIRPLANE NYT Connections Clues for December 30 (#568): Yellow Category: LUNCH ORDERS Green Category: USED TO MAKE COFFEE Blue Category: PAY, WITH “UP” Purple Category: NAMES FEATURING “!” NYT Connections Hints for December 30 (#568): YELLOW – Popular types of lunch orders. GREEN – Objects involved in crafting the perfect cup of coffee. BLUE – Verbs or terms often paired with “up” when discussing payments. PURPLE – Proper names or titles featuring an exclamation point. Don’t give up if you’ve tried everything; there’s always another method to find the answers. Examples of contemporary solutions that utilise the NYT Connexions include the following: NYT Connections Answers for December 30 (#568): Yellow Category: CLUB, HERO, MELT, WRAP Green Category: BEANS, FILTER, GRINDER, WATER Blue Category: ANTE, COUGH, PONY, SETTLE Purple Category: AIRPLANE!, JEOPARDY!, PINK!, YAHOO! Click for more latest Gaming news . Also get top headlines and latest news from India and around the world at News9. Pragya is an accomplished journalist known for in-depth reporting and a keen eye for detail. Delivers insightful and well-researched content that informs and engages readers. Latest News
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