ZH advises Reefy Microfinance on EGP 884 million securitization

We are pleased to announce that we have advised Reefy Microfinance Enterprise Services in the securitization issuance totalling 884 million Egyptian Pounds.

This transaction marks the second issuance under the second multiple-issuances program by the Egyptian Company for Securitization which is expected to reach EGP 3 billion. The issuance was structured in three tranches that are secured and collateralized by microfinance loans from Reefy Microfinance Enterprise Services, the Originating Entity.

Our team of lawyers advising Reefy Microfinance Enterprise Services was led by Helal El Hossary, Partner and Head of Capital Markets & Corporate Procedures, and Achraf El Chazly, Partner. Mohamed Saeed, Senior Associate, led the drafting and follow-up work on the transaction.

We would like to thank CI Capital Holding, the sole lead arranger and underwriter of the issuance, as well as Banque Misr, the custodian of the issuance, for their support in the successful execution of this transaction. And we extend our congratulations and sincere appreciation to the team of Reefy Microfinance Enterprise Services.