Helmy, Hamza & Partners, Baker McKenzie’s Cairo office, advised Pioneers Properties for Urban Development on the deal.
Pioneers Properties for Urban Development, a top tier real estate developer in Egypt, executed a securitized bonds issuance for a real estate project. The total value of the bonds issuance was EGP 425 million, divided into four tranches. The first and second tranches are divided into fixed instalments, with the third and fourth tranches to be disbursed contingent on the proceeds of the portfolio.
The Helmy, Hamza & Partners, Baker McKenzie Cairo transaction team was led by Managing Partner Mohamed Ghannam (Picture) and Counsel Mostafa El Sakaa, and comprised Capital Markets Specialist Sameh Belal, Associates Walid Enany and Mohamed El Hossamy along with Paralegal Malak Abou Senna. Associate Ahmed Shehata.
Involved fees earner: Sameh Belal – Baker McKenzie; Mohamed El Hossamy – Baker McKenzie; Mostafa El Sakaa – Baker McKenzie; Walid Enany – Baker McKenzie; Mohamed Ghannam – Baker McKenzie; Ahmed Shehata – Baker McKenzie;
Law Firms: Baker McKenzie;