Salam, Rasamny, Beyhum and Nassif announce the innovation vehicle inventory securitization deal.. (The Daily Star/HO)
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The financial arm of BankMed and a leading Lebanese car dealer have completed the first vehicle inventory securitization deal in the MENA region.Over a four-year period, the deal is expected to raise up to $250 million for RYMCO, with the initial offering drawing close to $15 million.Securitization is the process of taking an illiquid asset, or group of assets, and through financial engineering, transforming it into a tradable security. The RYMCO deal allows the company to raise operating capital based off the total value of its new car inventory from a wide group of investors.
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