Dreny & Partners advises MLF Finance on EGP 1.139 billion mortgage securitization

Dreny & Partners represented MLF Finance in its first securitization transaction, advising the company on the sale/issuance of a mortgage portfolio. The transaction comprises a securitization for an amount of EGP 1.139 billion and forms part of a broader three‑year multi‑issuance programme with an aggregate ceiling of EGP 12 billion. EFG Hermes Promoting & Underwriting acted as financial advisor and lead arranger for the deal. National Bank of Egypt, CIB, Banque de Caire and EFG Hermes Promoting & Underwriting served as underwriters. National Bank of Egypt also acted as custodian, Banque de Caire served as bookrunner, and KPMG was the official auditor for the transaction. Dreny & Partners represented MLF Finance with a team composed by: senior associate Sherine El Menyawy; managing associate Aya Khaled; junior associate Hania Elgamal; senior associate and head of capital market procedures Nagy Ebied; and associate Mohamed Youssef.

Dreny & Partners advises MLF Finance on EGP 1.139 billion mortgage securitization

Read the full story