BNPL lender Blnk has closed a EGP 202 mn securitized bond issuance, the first in a three-year, EGP 2 bn program, financial advisor CI Capital said in a statement(pdf) yesterday.

Advisors:The National Bank of Egypt and Banque du Caire were co-underwriters. Matouk Bassiouny & Hennawy acted as counsel, while Baker Tilly Wahid Abdel Ghaffar & Co served as auditors and the Egyptian Securitization Co. as issuers. Banque Misr acted as custodian.

2022 so far: This brings the total value of securitized bonds brought to market so far this year to almost EGP 43 bn, according to data tracked by Enterprise. That dwarfs the EGP 15.8 bn taken to market during the whole of 2021.

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