AUR Leasing & Factoring closes EGP1.124B securitized transaction 

Dreny & Partners has acted as legal counsel on the successful closure of AUR Leasing & Factoring securitized transaction, valued at EGP 1.124 billion. This transaction is part of a comprehensive 3-year multi-issuance program with a total value of EGP 8 billion. 

The issuance was backed by a robust receivables portfolio originated by AUR Leasing & Factoring and comprised three tranches: Tranche A (EGP 208 million) rated A+, Tranche B (EGP 548 million) also rated A+, and Tranche C (EGP 368 million) rated A+ by the esteemed Middle East Ratings and Investors Service (MERIS). 

The successful execution of this transaction was made possible through the collaboration of key stakeholders. Arab African International Bank and AUR Financial Advisory served as the financial advisors, while Arab African International Bank took on the roles of underwriter, bookrunner, and custodian for the transaction. Additionally, KPMG acted as the transaction’s auditor, ensuring its transparency and compliance. 

This transaction was led by partner, head of capital markets and financial services practice Imane Raouf (pictured) and included capital Markets team members: managing associate Sherine ElMenyawy and junior associate Aya Khaled working alongside the capital markets procedures team composed of associate Nagy Ebeid and junior associate Ahmed Ayman.