Dreny & Partners with GB Lease on EGP 4 bn securitization
Dreny & Partners advised GB Lease & Factoring in connection with a securitization transaction for their leasing portfolio amounting to EGP 4.160 billion. The operation falls within the broader context of a 3-year multi-issuance program with a total value of EGP 15 billion.
The banking support
CI Capital, Commercial International Bank, and Arab African International Bank served as the financial advisors and lead arrangers on the transaction. National Bank of Egypt, Commercial International Bank of Egypt, Suez Canal Bank, Arab African International Bank and Banque Du Caire acted as underwriters. Suez Canal Bank also served as the custodian, while Arab African International Bank worked as bookrunner. Baker Tilly was the transaction’s official auditor.
The Dreny & Partners team
The Dreny & Partners capital market team included senior associate Metwally Sweify (pictured left), junior associate Farah Younes (pictured centre). Senior associate Nagy Ebied led the capital markets procedures team on the matter, working with associates Mohamed Youssef and Ahmed Reda.
