Dreny & Partners with MLF Finance on EGP 1.139 bn securitization

Dreny & Partners advised MLF Finance on its first securitization transaction for their mortgage portfolio, for an amount of EGP 1.139 billion. The operation falls within the broader context of a 3-year multi-issuance program with a total value of EGP 12 billion.

The banking support

EFG Hermes Promoting & Underwriting acted as the financial advisor and lead arranger of the transaction, while National Bank of Egypt, CIB, Banque de Caire and EFG Hermes Promoting & Underwriting served as underwriters. National Bank of Egypt also worked as the custodian and Banque de Caire acted as bookrunner. KPMG was the official auditor for the transaction.

The Dreny & Partners team

The Dreny & Partners capital markets team included senior associate Sherine El Menyawy (pictured left), managing associate Aya Khaled (pictured right), and junior associate Hania Elgamal. Moreover, senior associate and head of capital market procedures Nagy Ebied, and associate Mohamed Youssef worked on the matter from the capital market procedures team.