Dreny & Partners with Global Corp on EGP 2.475 bn securitization
Dreny & Partners advised Global Corp for Financial Services on the securitization transaction of its leasing portfolio, for an amount of EGP 2.475 billion.
The operation falls within the broader context of a three-year multi issuance program with a total value of EGP 10 billion.
The banking support
Al Ahly Pharos and Commercial International Bank of Egypt (CIB) acted as 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 Al Baraka Bank served as underwriters. International Commercial Bank of Egypt acted as the custodian, while National Bank of Egypt worked as the bookrunner. Baker Tilly was the transaction’s official auditor.
The Dreny & Partners team
The Dreny & Partners capital markets team on the matter included senior associate Metwally Sweify (pictured left), junior associate Farah Younes (pictured centre), and paralegal Youssef Abbas. Senior associate Nagy Mostafa Ebied (pictured right) led the capital markets procedures team on the transaction, working with associates Mohamed Youssef and Ahmed Reda.
