{"id":325702,"date":"2022-06-22T14:35:13","date_gmt":"2022-06-22T14:35:13","guid":{"rendered":"https:\/\/egy-africa.com\/en\/?p=325702"},"modified":"2022-06-22T14:35:13","modified_gmt":"2022-06-22T14:35:13","slug":"efg-hermes-concludes-advisory-on-bedaya-mortgage-finances-first-securitization-issuance","status":"publish","type":"post","link":"https:\/\/egy-africa.com\/en\/2022\/06\/22\/efg-hermes-concludes-advisory-on-bedaya-mortgage-finances-first-securitization-issuance\/","title":{"rendered":"EFG Hermes concludes advisory on Bedaya Mortgage Finance\u2019s first securitization issuance"},"content":{"rendered":"

EFG Hermes has announced that it successfully concluded the first securitization issuance worth EGP 651.2m of the EGP 3bn programme for Bedaya Mortgage Finance, Egypt\u2019s first non-bank online mortgage provider. <\/span><\/p>\n

The bond is a mortgage backed portfolio of around EGP 1.02bn, assigned to EFG Hermes, the issuance\u2019s special purpose vehicle (SPV). This transaction marks the first ever securitization for a real estate mortgage company in Egypt.<\/span><\/p>\n

Commenting on the issuance, Maie Hamdy, Managing Director \u2013 Debt Capital Markets at EFG Hermes said, \u201cWe are proud to have advised on the first real estate mortgage securitization transaction in the Egyptian market, which has been met with extensive interest from investors, bearing in mind the almost 10-year tenor notwithstanding the current market uncertainty. <\/span><\/p>\n

Taking this step with Bedaya \u2013 a joint venture between EFG Hermes Holding, Talaat Moustafa Group, and GB Capital \u2013 comes as part of our broader strategy to capitalize on our cross-selling synergies and product diversification that are an essential pillar of our business model and progression. We are very proud of the success of this issuance and attribute it to our team\u2019s unwavering commitment to consistent value creation and forward-looking approach.\u201d<\/span><\/p>\n

According to the Financial Regulatory Authority\u2019s (FRA) report for March 2022, Bedaya ranked fourth in 2021, third in the first quarter of 2022, and second in March 2022. Last year, Bedaya launched Egypt\u2019s first non-bank mortgage finance mobile application and online platform, which helped users gain convenient access to numerous mortgage finance offerings seamlessly and rapidly. Bedaya has the fastest turnaround time in the industry and, with a mortgage market that is currently both underserved and under-penetrated, the Firm acts as a conduit expanding accessibility to mortgage financing, which is often a long and cumbersome process. The transaction was done with the combined efforts of Bedaya\u2019s in-house securitization team, composed of Bedaya\u2019s Heads of Finance, Operations, Credit Risk, and Legal, led by Gina Selim, the General Manager of Bedaya. As the mortgage law came out in 2001 and the first mortgage company was launched in 2003, for the first mortgage bond to come out in 2022 is considered not only a milestone for Bedaya, but also for the entire real estate mortgage industry.<\/span><\/p>\n

Tarek Abou-Gendia, CEO and Managing Director of Bedaya, said: \u201cAs a company, we pride ourselves on the sort of consistent innovation that can propel our industry forward, which is why we are very excited to become the first real estate mortgage company in the country to issue a securitization issuance. This transaction will capitalize on the capabilities and cross-selling power of EFG Hermes to move us closer to our long-term expansion plans through broader, more sustainable financial solutions so that we can continue on our mission to extend accessibility to a wider customer base across Egypt\u2019s mortgage market.\u201d<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

EFG Hermes has announced that it successfully concluded the first securitization issuance worth EGP 651.2m of the EGP 3bn programme for Bedaya Mortgage Finance, Egypt\u2019s first non-bank online mortgage provider.<\/p>\n","protected":false},"author":2,"featured_media":320827,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[24,33],"tags":[],"class_list":["post-325702","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development-partners","category-main"],"yoast_head":"\nEFG Hermes concludes advisory on Bedaya Mortgage Finance\u2019s first securitization issuance - egy-africa<\/title>\n<meta name=\"description\" content=\"EFG Hermes has announced that it successfully concluded the first securitization issuance worth EGP 651.2m of the EGP 3bn programme for Bedaya Mortgage Finance, Egypt\u2019s first non-bank online mortgage provider.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/egy-africa.com\/en\/2022\/06\/22\/efg-hermes-concludes-advisory-on-bedaya-mortgage-finances-first-securitization-issuance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EFG Hermes concludes advisory on Bedaya Mortgage Finance\u2019s first securitization issuance - egy-africa\" \/>\n<meta property=\"og:description\" content=\"EFG Hermes has announced that it successfully concluded the first securitization issuance worth EGP 651.2m of the EGP 3bn programme for Bedaya Mortgage Finance, Egypt\u2019s first non-bank online mortgage provider.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/egy-africa.com\/en\/2022\/06\/22\/efg-hermes-concludes-advisory-on-bedaya-mortgage-finances-first-securitization-issuance\/\" \/>\n<meta property=\"og:site_name\" content=\"egy-africa\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-22T14:35:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/01\/EFG-Hermes-2.jpg?fit=750%2C430&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"430\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"FGY TEAM\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"FGY TEAM\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/egy-africa.com\/en\/2022\/06\/22\/efg-hermes-concludes-advisory-on-bedaya-mortgage-finances-first-securitization-issuance\/\",\"url\":\"https:\/\/egy-africa.com\/en\/2022\/06\/22\/efg-hermes-concludes-advisory-on-bedaya-mortgage-finances-first-securitization-issuance\/\",\"name\":\"EFG Hermes concludes advisory on Bedaya Mortgage Finance\u2019s first securitization issuance - egy-africa\",\"isPartOf\":{\"@id\":\"https:\/\/egy-africa.com\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/egy-africa.com\/en\/2022\/06\/22\/efg-hermes-concludes-advisory-on-bedaya-mortgage-finances-first-securitization-issuance\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/egy-africa.com\/en\/2022\/06\/22\/efg-hermes-concludes-advisory-on-bedaya-mortgage-finances-first-securitization-issuance\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/01\/EFG-Hermes-2.jpg?fit=750%2C430&ssl=1\",\"datePublished\":\"2022-06-22T14:35:13+00:00\",\"dateModified\":\"2022-06-22T14:35:13+00:00\",\"author\":{\"@id\":\"https:\/\/egy-africa.com\/en\/#\/schema\/person\/766449568f62e1fb3bb25b041186d203\"},\"description\":\"EFG Hermes has announced that it successfully concluded the first securitization issuance worth EGP 651.2m of the EGP 3bn programme for Bedaya Mortgage Finance, Egypt\u2019s first non-bank online mortgage provider.\",\"breadcrumb\":{\"@id\":\"https:\/\/egy-africa.com\/en\/2022\/06\/22\/efg-hermes-concludes-advisory-on-bedaya-mortgage-finances-first-securitization-issuance\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/egy-africa.com\/en\/2022\/06\/22\/efg-hermes-concludes-advisory-on-bedaya-mortgage-finances-first-securitization-issuance\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/egy-africa.com\/en\/2022\/06\/22\/efg-hermes-concludes-advisory-on-bedaya-mortgage-finances-first-securitization-issuance\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/01\/EFG-Hermes-2.jpg?fit=750%2C430&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/01\/EFG-Hermes-2.jpg?fit=750%2C430&ssl=1\",\"width\":750,\"height\":430},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/egy-africa.com\/en\/2022\/06\/22\/efg-hermes-concludes-advisory-on-bedaya-mortgage-finances-first-securitization-issuance\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/egy-africa.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"EFG Hermes concludes advisory on Bedaya Mortgage Finance\u2019s first securitization issuance\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/egy-africa.com\/en\/#website\",\"url\":\"https:\/\/egy-africa.com\/en\/\",\"name\":\"egy-africa\",\"description\":\"Just another WordPress site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/egy-africa.com\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/egy-africa.com\/en\/#\/schema\/person\/766449568f62e1fb3bb25b041186d203\",\"name\":\"FGY TEAM\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/egy-africa.com\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/6e82bb52c7fb4184d4805af7ec868b48?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/6e82bb52c7fb4184d4805af7ec868b48?s=96&d=mm&r=g\",\"caption\":\"FGY TEAM\"},\"sameAs\":[\"mohamed nour\"],\"url\":\"https:\/\/egy-africa.com\/en\/author\/egy-team\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"EFG Hermes concludes advisory on Bedaya Mortgage Finance\u2019s first securitization issuance - egy-africa","description":"EFG Hermes has announced that it successfully concluded the first securitization issuance worth EGP 651.2m of the EGP 3bn programme for Bedaya Mortgage Finance, Egypt\u2019s first non-bank online mortgage provider.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/egy-africa.com\/en\/2022\/06\/22\/efg-hermes-concludes-advisory-on-bedaya-mortgage-finances-first-securitization-issuance\/","og_locale":"en_US","og_type":"article","og_title":"EFG Hermes concludes advisory on Bedaya Mortgage Finance\u2019s first securitization issuance - egy-africa","og_description":"EFG Hermes has announced that it successfully concluded the first securitization issuance worth EGP 651.2m of the EGP 3bn programme for Bedaya Mortgage Finance, Egypt\u2019s first non-bank online mortgage provider.","og_url":"https:\/\/egy-africa.com\/en\/2022\/06\/22\/efg-hermes-concludes-advisory-on-bedaya-mortgage-finances-first-securitization-issuance\/","og_site_name":"egy-africa","article_published_time":"2022-06-22T14:35:13+00:00","og_image":[{"width":750,"height":430,"url":"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/01\/EFG-Hermes-2.jpg?fit=750%2C430&ssl=1","type":"image\/jpeg"}],"author":"FGY TEAM","twitter_card":"summary_large_image","twitter_misc":{"Written by":"FGY TEAM","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/egy-africa.com\/en\/2022\/06\/22\/efg-hermes-concludes-advisory-on-bedaya-mortgage-finances-first-securitization-issuance\/","url":"https:\/\/egy-africa.com\/en\/2022\/06\/22\/efg-hermes-concludes-advisory-on-bedaya-mortgage-finances-first-securitization-issuance\/","name":"EFG Hermes concludes advisory on Bedaya Mortgage Finance\u2019s first securitization issuance - egy-africa","isPartOf":{"@id":"https:\/\/egy-africa.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/egy-africa.com\/en\/2022\/06\/22\/efg-hermes-concludes-advisory-on-bedaya-mortgage-finances-first-securitization-issuance\/#primaryimage"},"image":{"@id":"https:\/\/egy-africa.com\/en\/2022\/06\/22\/efg-hermes-concludes-advisory-on-bedaya-mortgage-finances-first-securitization-issuance\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/01\/EFG-Hermes-2.jpg?fit=750%2C430&ssl=1","datePublished":"2022-06-22T14:35:13+00:00","dateModified":"2022-06-22T14:35:13+00:00","author":{"@id":"https:\/\/egy-africa.com\/en\/#\/schema\/person\/766449568f62e1fb3bb25b041186d203"},"description":"EFG Hermes has announced that it successfully concluded the first securitization issuance worth EGP 651.2m of the EGP 3bn programme for Bedaya Mortgage Finance, Egypt\u2019s first non-bank online mortgage provider.","breadcrumb":{"@id":"https:\/\/egy-africa.com\/en\/2022\/06\/22\/efg-hermes-concludes-advisory-on-bedaya-mortgage-finances-first-securitization-issuance\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/egy-africa.com\/en\/2022\/06\/22\/efg-hermes-concludes-advisory-on-bedaya-mortgage-finances-first-securitization-issuance\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/egy-africa.com\/en\/2022\/06\/22\/efg-hermes-concludes-advisory-on-bedaya-mortgage-finances-first-securitization-issuance\/#primaryimage","url":"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/01\/EFG-Hermes-2.jpg?fit=750%2C430&ssl=1","contentUrl":"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/01\/EFG-Hermes-2.jpg?fit=750%2C430&ssl=1","width":750,"height":430},{"@type":"BreadcrumbList","@id":"https:\/\/egy-africa.com\/en\/2022\/06\/22\/efg-hermes-concludes-advisory-on-bedaya-mortgage-finances-first-securitization-issuance\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/egy-africa.com\/en\/"},{"@type":"ListItem","position":2,"name":"EFG Hermes concludes advisory on Bedaya Mortgage Finance\u2019s first securitization issuance"}]},{"@type":"WebSite","@id":"https:\/\/egy-africa.com\/en\/#website","url":"https:\/\/egy-africa.com\/en\/","name":"egy-africa","description":"Just another WordPress site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/egy-africa.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/egy-africa.com\/en\/#\/schema\/person\/766449568f62e1fb3bb25b041186d203","name":"FGY TEAM","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/egy-africa.com\/en\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/6e82bb52c7fb4184d4805af7ec868b48?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6e82bb52c7fb4184d4805af7ec868b48?s=96&d=mm&r=g","caption":"FGY TEAM"},"sameAs":["mohamed nour"],"url":"https:\/\/egy-africa.com\/en\/author\/egy-team\/"}]}},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/01\/EFG-Hermes-2.jpg?fit=750%2C430&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/pcF3XZ-1mJg","_links":{"self":[{"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/posts\/325702","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/comments?post=325702"}],"version-history":[{"count":1,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/posts\/325702\/revisions"}],"predecessor-version":[{"id":325703,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/posts\/325702\/revisions\/325703"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/media\/320827"}],"wp:attachment":[{"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/media?parent=325702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/categories?post=325702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/tags?post=325702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}