Dreny & Partners with Al Oula on securitization deal
Dreny & Partners advised Al Taamir for Leasing & Factoring (Al Oula) on their latest securitization transaction for the company’s financial leasing portofolio, amounting to EGP 1,298,500,000.
The deal
The operation falls within the broader context comes of a 3-year multi-issuances program with a total value of EGP 5 billion. This specific deal encompassed 3 tranches, respectively valued at EGP 573,500,000 million, EGP 462 million, and EGP 263 million.
CI Capital acted as the financial advisor and lead arranger of the transaction, with Banque Misr, Banque du Caire, National Bank of Egypt, Arab African International Bank and CIB serving as underwriters. Moreover, CIB acted as the custodian, Banque du Caire served as the bookrunner of the transaction, while Baker Tilly (Hilal & Abdel Ghaffar) as the official auditor for the transaction.
The Dreny & Partners team
The capital market team working on the transaction featured senior associate Metwally Sweify (pictured left), associate Youssef Bayoumi, and junior associate Farah Younes.
Senior associate and head of capital market procedures team Nagy Ebied (pictured right) and associate Mohamed Youssef contributed to the effort from the capital market procedures team.
