Zulficar & Partners with Badr University bond issuance
Zulficar & Partners has advised Badr University in Assuit-BUA (Assignor) in the Issuance of the first standalone future securitization bonds for a private university in Egypt amounting to EGP 500 million to finance the Assignor’s capital expansion.
EFG Hermes acted as the sole financial advisor, transaction manager, book-runner, issue promoter, underwriter, and arranger for this issuance. The transaction’s key partners include Suez Canal Bank as the subscription bank as well as an underwriter along with Al Baraka Bank Egypt was an underwriter, Abu Dhabi Commercial Bank participated in the subscription process, while Ahli United Bank acted as the custodian and PricewaterhouseCoopers PwC acted as the auditor.
The team
Z&P team assisting on the transaction was led by partners Ashraf Ihab (pictured left) and Anwar Zeidan (head of capital market and procedures group, pictured right), senior associates Alyaa Rabea (no longer with the firm) and Ahmed Fares, associate Mohamed Ramadan (procedures group).
