Arab Finance: Al Ahly Pharos and CI Capital completed three securitization issuances with a combined value exceeding EGP 4 billion in a single day for subsidiaries of MNT-Halan: Halan Consumer Finance and Tasaheel for Finance, as per an emailed press release.

Both firms acted as financial advisors and issuance managers for all three transactions, proving their leading position in the Egyptian debt market and demonstrating their ability to structure, arrange, underwrite, and execute issuances for various companies and diverse portfolios.

Tasaheel accounted for two of the issuances, valued at EGP 1.2 billion and EGP 2.28 billion. The third, worth EGP 528.5 million, was issued for Halan Consumer Finance.

MNT-Halan said the transactions will diversify its funding sources and support the expansion of its financing activities in Egypt.

Each issuance consists of a single tranche with a 13-month tenor. Middle East Rating & Investors Service (MERIS) assigned the issuances an A- credit rating.

Matouk Bassiouny & Hennawy (MBH) acted as legal advisor, Baker Tilly as auditor, and Capital for Securitization as the securitization company.