{"id":547558,"date":"2022-06-27T03:28:24","date_gmt":"2022-06-27T03:28:24","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/27\/are-securitized-bonds-gaining-momentum-in-our-mortgage-market\/"},"modified":"2022-06-27T03:28:24","modified_gmt":"2022-06-27T03:28:24","slug":"are-securitized-bonds-gaining-momentum-in-our-mortgage-market","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/27\/are-securitized-bonds-gaining-momentum-in-our-mortgage-market\/","title":{"rendered":"Are securitized bonds gaining momentum in our mortgage market?"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>A consortium of local mortgage lenders is mulling a securitization program that could be <\/strong><strong>worth over EGP 2.5 bn, <\/strong>Enterprise has confirmed, just a week after the local mortgage market saw its first ever securitization. <a href=\"https:\/\/aloula-eg.com\/?lang=en\">Al Oula<\/a>, Al Ahly Mortgage Finance, and <a href=\"https:\/\/www.amlakfinance.com\/amlak-egypt\/\">Amlak Egypt<\/a> are part of the consortium currently negotiating the terms of a potential joint issuance, Al Oula MD and Vice Chair Ayman Abdel Hamid told Enterprise, confirming a report from <a href=\"https:\/\/bit.ly\/3u51ttH\">Al Mal<\/a>. The firms have not yet decided on a timeline for the issuance, he said.<\/p>\n<p><strong>Strength in numbers? <\/strong>The joint issuance will only go ahead if assessments show it will bring the companies higher returns than they would see through individual issuances, Abdel Hamid said. Each firm could issue securitized bonds on an individual basis if it proves more cost-efficient, he added.<\/p>\n<p><strong>Al Oula would issue EGP 1 bn of the securitized bonds in a first phase,<\/strong> Abdel Hamid told us. The company has already shortlisted three potential managers for its issuance, including Egyptian Mortgage Refinance, he said, according to Al Mal.<\/p>\n<p><strong>Al Oula<\/strong><strong> had been looking to issue EGP 900 mn in securitized bonds in 1H 2022<\/strong>, according to local media <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2ed7b2bc-e904-41d3-a79a-0c4f1a2b9250\">reports back in January<\/a>, while Al Ahly Mortgage Finance reportedly has <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b76b349b-1794-485a-a70c-66a663c6a883\">plans<\/a> to securitize EGP 1 bn of its portfolio this year.<\/p>\n<p><strong>Is securitization the latest hot ticket for mortgage lenders? <\/strong>This comes less than a week after EFG Hermes closed an EGP 651.2 mn securitized bond issuance on behalf of mortgage provider <a href=\"https:\/\/www.bedayamortgage.com\/\">Bedaya<\/a>, billed as the first ever for a real estate mortgage firm in Egypt. EFG expects to complete Bedaya\u2019s full EGP 3 bn securitization program in the next three years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A consortium of local mortgage lenders is mulling a securitization program that could be worth over EGP 2.5 bn, Enterprise has confirmed, just a week after the local mortgage market saw its first ever securitization. Al Oula, Al Ahly Mortgage Finance, and Amlak Egypt are part of the consortium currently negotiating the terms of a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":547559,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7274],"tags":[2099,88,2100,72,2061,85],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-547558","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-amlak-egypt","tag-debt-watch","tag-egyptian-mortgage-refinance","tag-enterpriseam","tag-mortgage-finance","tag-securitization","wpautop","entry"],"acf":{"mongo_id":"ce766aa1-9d04-4557-800d-6712ab579ed8","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/6\/311.jpg","photo_position":"above","related_issue":[547550],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Are securitized bonds gaining momentum in our mortgage market? - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/27\/are-securitized-bonds-gaining-momentum-in-our-mortgage-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Are securitized bonds gaining momentum in our mortgage market?\" \/>\n<meta property=\"og:description\" content=\"A consortium of local mortgage lenders is mulling a securitization program that could be worth over EGP 2.5 bn, Enterprise has confirmed, just a week after the local mortgage market saw its first ever securitization. Al Oula, Al Ahly Mortgage Finance, and Amlak Egypt are part of the consortium currently negotiating the terms of a [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/27\/are-securitized-bonds-gaining-momentum-in-our-mortgage-market\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-27T03:28:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/6\/311.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/27\/are-securitized-bonds-gaining-momentum-in-our-mortgage-market\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/27\/are-securitized-bonds-gaining-momentum-in-our-mortgage-market\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Are securitized bonds gaining momentum in our mortgage market?\",\"datePublished\":\"2022-06-27T03:28:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/27\/are-securitized-bonds-gaining-momentum-in-our-mortgage-market\/\"},\"wordCount\":282,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/27\/are-securitized-bonds-gaining-momentum-in-our-mortgage-market\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/6\/311.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Amlak Egypt\",\"debt watch\",\"Egyptian Mortgage Refinance\",\"EnterpriseAM\",\"mortgage finance\",\"securitization\"],\"articleSection\":[\"DEBT WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/27\/are-securitized-bonds-gaining-momentum-in-our-mortgage-market\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/27\/are-securitized-bonds-gaining-momentum-in-our-mortgage-market\/\",\"name\":\"Are securitized bonds gaining momentum in our mortgage market? 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The eight-tranche bond is backed by a mortgage portfolio of around EGP 1.02 bn, and is the first ever for a real estate mortgage firm in\u2026","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":670393,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/19\/beltone-mortgage-closes-first-egp-1-32-bn-securitization-issuance\/","url_meta":{"origin":547558,"position":4},"title":"Beltone Mortgage closes first EGP 1.32 bn securitization issuance","author":"enterpriseam admin","date":"19 August 2025","format":false,"excerpt":"The four-tranche issuance saw 2.3x oversubscription","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/8\/1144.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":566462,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/21\/efg-tmg-gb-capital-mortgage-arm-bedaya-plans-securitization-before-2021-is-out\/","url_meta":{"origin":547558,"position":5},"title":"EFG, TMG, GB Capital mortgage arm Bedaya plans securitization before 2021 is out","author":"enterpriseam admin","date":"21 June 2021","format":false,"excerpt":"Mortgage provider Bedaya is planning to sell securitized bonds backed by its receivables before the end of the year, EFG Hermes Finance CEO Waleed Hassouna, whose company is a partner in Bedaya, told Al Mal. The sale would come as Bedaya is looking to set up more branches across the\u2026","rel":"","context":"In &quot;SPEED ROUND: DEBT WATCH&quot;","block_context":{"text":"SPEED ROUND: DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/547558","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=547558"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/547558\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/547550"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/547559"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=547558"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=547558"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=547558"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=547558"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=547558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}