Egypt's Mnt-Halan Raises $71m in Seventh Securitized Bond Issuance

Egypt's Mnt-Halan Raises $71m in Seventh Securitized Bond Issuance

TLDR

MNT-Halan raises $71.4M in seventh securitized bond issuance to fuel lending growth - Innovation Village | Technology, Product Reviews, Business

Egyptian fintech unicorn MNT-Halan has raised EGP 3.4 billion (US$71.4 million) through its seventh securitised bond issuance, reinforcing its strategic reliance on debt markets to support its rapidly expanding lending operations. The issuance is part of a broader EGP 8 billion (US$168 million) securitization programme approved by Egypt’s Financial Regulatory Authority (FRA). The transaction was jointly managed by Commercial International Bank (…