MNT-Halan Closes USD 150 Mn Securitised Bond Issuance

MNT-Halan, Egypt’s leading fintech player, announced today that its wholly-owned subsidiary, Tasaheel, has securitized USD c.150 Mn of its loan book in the first issuance of a US USD 600 Mn program with Commercial International Bank (CIB), one of Egypt’s largest private sector bank.

The issuance is divided into four tranches and has been rated Prime 1 for the first three and A for the fourth by MERIS (Middle East Rating & Investor Service). The fresh capital will enable the company to shore up its lending business and make inroads into new verticals.