MBH advises Tasaheel in its EGP 2.66 Billion Securitization Transaction
Matouk Bassiouny & Hennawy (“MBH”) acted as the legal counsel to Tasaheel Microfinance Company (“Tasaheel”) in connection with an EGP 2.66 billion securitization transaction.
The transaction is considered the first issuance of Tasaheeel and Mashroey’s third securitization program amounting to EGP 13 billion, comprising a portfolio of approximately EGP 15 billion.
The MBH team advising on the transaction was led by Mahmoud Bassiouny (regional managing partner and head of finance & projects) and Mohamed Abd El Fattah (partner and head of capital markets) working alongside Ahmed Mohie (counsel).
Commercial International Bank (“CIB”) acted as the financial advisor, KPMG International (“KPMG”) as the Auditor, Capital Securitization Company (“Capital”) as the Securitization Company and Middle East Rating & Investors Service (“MERIS”) as the rating agency.