Beltone Mortgage has completed its first securitized bond issuance worth EGP 1.32 bn, attracting strong investor demand with 2.3 times oversubscription. The deal, executed under Beltone Securitization’s second program, underscores confidence in the company’s portfolio and financial position, Invest-Gate reports.

The issuance was structured into four tranches: Tranche A at EGP 551 mn with a 24-month tenor rated AA+; Tranche B at EGP 328 mn for 36 months rated AA; Tranche C at EGP 238 mn for 48 months rated A-; and Tranche D at EGP 203 mn with a 60-month tenor also rated A-.

Hassan Abdelnabi, CEO of Beltone Mortgage, said the issuance marked “a strategic turning point” for the company, highlighting the strength of its mortgage portfolio and its ability to deliver innovative funding solutions for sustainable growth.

Sherif Hassan, Group Treasurer and Managing Director of Debt Capital Markets at Beltone, noted the deal reinforced the firm’s leadership in Egypt’s debt capital market, while Fahd Elhadidy, Deputy CEO and CFO of Beltone Mortgage, stressed that the structure balanced attractive investor returns with long-term funding goals.

The transaction was supported by Matouk Bassiouny & Hennawy as Legal Advisor, KPMG as External Auditor, Abu Dhabi Commercial Bank as Custodian and Backup Servicer, and Banque Du Caire as Placement Agent. It was underwritten by the National Bank of Egypt, Banque Du Caire, Al Baraka Bank, and Ahli Bank of Kuwait. Subscribers included Abu Dhabi Commercial Bank, SAIB, the Industrial Development Bank (IDBE), and Housing and Development Bank.