Pioneers Properties for Urban Development’s Securitization Program

Helmy, Hamza & Partners advised Pioneers Properties for Urban Development on the deal.

Pioneers Properties for Urban Development on a real estate securitization transaction. The total value of the securitization bond program is EGP 3 billion (approx. $191.15 million) divided into six issuances. The first issuance has recently been approved by the Financial Regulatory Authority at an amount of EGP 627.5 million encompassing three tranches.

The financial advisor, arranger, book runner, and underwriter of the transaction was EFG Hermes’ investment banking division.

The Baker McKenzie Cairo transaction team was led by Managing Partner Mohamed Ghannam (Picture) and Counsel Mostafa El Sakaa and comprised Capital Market Specialist Sameh Belal, Associates Walid Enany and Mohamed El Hossamy along with Paralegal Malak Abou Senna. In addition, Senior Associate Milad Fayez from the Litigation team as well as Associate Ahmed Shehata.

Involved fees earner: Sameh Belal – Baker McKenzie; Mohamed El Hossamy – Baker McKenzie; Mostafa El Sakaa – Baker McKenzie; Walid Enany – Baker McKenzie; Milad Fayez – Baker McKenzie; Mohamed Ghannam – Baker McKenzie; Ahmed Shehata – Baker McKenzie;

Law Firms: Baker McKenzie;

Clients: Pioneers Properties for Urban Development;