Baker McKenzie’s Cairo office, Helmy, Hamza & Partners, has successfully counseled Pioneers Properties for Urban Development on a real estate securitization transaction.
The securitization bond programme has a total value of EGP 3 billion, which is divided into six issuances.
The Financial Regulatory Authority recently approved the first issuance in the sum of EGP 627.5 million, divided into three tranches.
Capital Market Specialist Sameh Belal, Associates Walid Enany and Mohamed ElHossamy, and Paralegal Malak Abousenna led the team, which also included Managing Partner Mohamed Ghannam and Counsel Mostafa Elsakka. Senior Associate Milad Fayez of the Litigation team, as well as Associate Ahmed Shehata of the Banking & Projects team, were also members of the team that contributed to the deal’s success.