Lebanon’s first securitization issuance since 2007 was marketed in October, and another is being prepared. The deal takes advantage of legal provisions passed in 2005 allowing for more true-sale securitizations. The development of securitization in Lebanon had been delayed by the global credit crunch.
BSEC, the structured finance arm of Beirut-based Banque Bemo, closed the October $13.14 million revolving automobile-loan...
