Dreny & Partners with Jameel Finance on EGP 470 m securitization
Dreny & Partners advised Jameel Finance in connection with the closure of the company’s second securitization transaction, amounting to EGP 470 million. The operation falls within the broader context of a 3-year multi-issuance program amounting to EGP 4 billion.
The issuance was backed by a receivable’s portfolio originated by Jameel Finance, and was comprised of 3 tranches, valued respectively at EGP 152 m EGP 231 m and EGP m.
The banking support
Beltone Investment Banking acted as the financial advisor andlead arranger of the transaction. Suez Canal Bank served as custodian, underwriter and bookrunner, while Baker Tilly (Hilal & Abdel Ghaffar) as the official auditor.
The Dreny & Partners team
The Dreny & Partners capital market team woring on the matter included senior associate Metwally Sweify, associate Hania El Gamal (pictured right) and junior associate Farah Younes.
Counsel Nagy Ebied (pictured left) led the firm’s capital markets procedures team on the transaction, working with managing associate Ahmed Reda.
