Halan closes EGP 971.5 mn securitized bond issuance

Halan brings EGP 3 bn securitization program to a close: Halan, the consumerfinance arm of MNT-Halan, has closed an EGP 971.5 mn securitized bond issuance, the third and final of an EGP 3 bn securitization program, the company said in a statement (pdf). The six-tranche issuance is the first corporate securitization in 2024.

Remember: Halan closed the second issuance in the program worth EGP 1.04 bn inSeptember of last year and the first EGP 978 mn issuance in December 2022.

Advisors: CIB was the financial advisor, transaction manager, arranger, promoter andbookrunner. Matouk Bassiouny served as counsel, Hazem Hassan — KPMG’s Egypt branch — as auditor, and GB’s Capital for Securitization as custodian.