Dreny & Partners with Premium International on securitization
Dreny & Partners advised Premium International on its fourth securitization transaction of a multi-issuances program for their consumer finance portfolio amounting to EGP 224 million.
The operation falls within the broader context of a 3-year multi-issuance program with a total value of EGP 2 billion.
A receivable’s portfolio originated by Premium International backed the issuance, which encompassed two tranches, respectively of EGP 69,440,000 and EGP 154,560,000.
EFG Hermes Promoting and Underwriting S.A.E served as financial advisor and lead as well as as underwriter alongside Arab African International Bank. The latter acted as custodian and bookrunner of the transaction, while KPMG EG – Hazem Hassan served as official auditor.
The Dreny & Partners capital markets team working on the matter included senior associate Sherine El Menyawy (pictured left), managing associate Aya Khaled, and junior associate Hania ElGamal.
Senior Associate and head of capital markets procedures team Nagy Mostafa Ebied (pictured right) and associate Mohamed Youssef contributed from the capital markets procedures team.
