The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.
BANKING

Securitization specialist has global vision

Lebanese reforms caught in the crossfire

Lebanon’s finance minister: ‘The phoenix will rise again’

Iad Georges Boustany, general manager at BSEC Boustany: SMEs are underserved

In June, East Cameron Partners in Texas became the first US oil and gas company to borrow money via an Islamic securitization structure. Merrill Lynch acted as bookrunner – no surprise there. But the bank that structured the deal might have raised a few eyebrows since it was Lebanon’s BSEC. The Beirut company might be small in size – it has only 15 employees – but it thinks big. Its aim is to structure securitizations for SMEs globally. In four years, the bank has financed $250 million-worth of deals with clients in Turkey and the Gulf Cooperation Council countries as well as the US and Lebanon. It has identified a niche that other Lebanese financial institutions have been late to latch on to.

The East Cameron deal is arguably the bank’s most high profile transaction since Hanco Rent-a-Car’s Caravan 1 securitization in 2004.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree