Barakat Maher & and Clyde & Co on Bedaya’s mortgage portfolio
Barakat Maher & Partners in association with Clyde & Co has advised Capital for Securitization on the EGP 1,78 billion securitization bonds issuance for the mortgage portfolio of Bedaya Mortgage Finance (Bedaya). The Financial Regulatory Authority approved the issuance on 25 December 2024.
EFG Hermes acted as the financial advisor, lead arranger, and underwriter, Abu Dhabi Commercial Bank acted as the custodian and Commercial International Bank acted as the Subscription Receiver.
This issuance marks the third tranche in the programme, with an expected total value of EGP 10 billion. It follows the successful closures of the first two issuances, valued at EGP 843 million on 29 December 2023 and EGP 1,414,500,000 on 10 October 2024. Barakat, Maher & Partners in association with Clyde & Co acted as the lead legal advisers on all three issuances.
The team
The Barakat Maher & Partners in association with Clyde & Co team was led by partner Mostafa Elsakaa. He was supported by associates Walid Enany, Omar Mahmoud and Mahmoud Toraya.
