B.TECH kicks off the new year by hitting the securitization market: B.TECH has closed an EGP 1.6 bn securitized bond issuance, according to a statement(pdf) from the electronics retailers’ legal advisors Matouk Bassiouny & Hennawy. The issuance is the second of a wider EGP 5 bn securitization program.

Who made it happen? MBH acted as legal counsel, with Mohamed Abdel Fattah and Imane Raouf leading the team. CIB was the financial advisor, EGBank the custodian, Russel Bedford the auditor, and Middle East Rating & Investors Service as the rating agency.

DATA POINT- These issuances bring the total value of securitized bonds issued in Egypt this year to EGP 7.1 bn thus far according to data tracked by EnterpriseAM. During the same period last year, we didn’t pick any issuances.

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