At Lease closes EGP 1.6 bn in securitized bond issuance. ALC advises
Shari’ah-compliant leasing company AT Lease has closed its third securitized bond issuance worth EGP 1.6 bn
The proceeds from the securitization process will be used to enhance the company’s financial position as well as support future growth plans and maximizing profitability as well as return on equity.
Misr Capital and Al Ahly Pharos were co-lead managers, financial advisors, and underwriters for the transaction. Its parent Banque Misr acted as arranger, co-underwriter, and custodian.
The transaction included Banque Misr, NBE, Attijariwafa Bank, Banque du Caire, AAIB, Al Baraka Bank, Ahli United Bank, and the Industrial Development Bank.
The advisors:
ALC Alieldean Weshahi & Partners, led by managing partner Bahaa Alieldean (pictured), acted as legal counsel, while Baker Tilly Hilal & Abdel Ghaffar acted as auditor.
