Dreny & Partners with Bedaya on securitization deal
Dreny & Partners advised Bedaya Mortgage Finance through closing of a securitization transaction amounting to EGP 1,557,200,000.
The deal falls within the broader context of a three-years multi-issuances program with a total value of EGP 10 billion. This specific issuance included four tranches, respectively valued at EGP 171,292,000, EGP 552,806,000, EGP 646,238,000 , and EGP 186,864,000.
EFG Hermes Promoting & Underwriting S.A.E acted as the financial advisor and lead arranger of the transaction, with CIB, EFG Hermes Promoting & Underwriting S.A.E, Baraka Bank and National Bank of Egypt serving as underwriters. ADCB Bank acted as the custodian, while National Bank of Egypt also acted as the bookrunner of the transaction. Bakertilly (Hilal & Abdel Ghaffar) served as the official auditor for the transaction.
The Dreny & Partners team
Dreny & Partners’ capital market team working on the matter featured senior associate Sherine El Menyawy, managing associate Aya Khaled, and junior associate Hania Elgamal.
Moreover, senior associate and head of capital market procedures team Nagy Ebied and associate Mohamed Youssef contributed to the effort from the capital market procedures team.
