EFG Hermes concludes advisory to EFG Hermes Corp-Solutions on EGP 500m bond issuance


EFG Hermes, the leading investment bank franchise in Frontier Emerging Markets (FEM), announced today that its Investment Banking division successfully closed an EGP 500m bond issuance for EFG Hermes Holding subsidiary EFG Hermes Corp-Solutions. The transaction is part of a wider EGP 3bn bond program for the leasing and factoring player.

The bond, which received a credit rating of “A-” from Middle East Ratings and Investor Services (MERIS), is comprised of two tranches – with tranche A valued at EGP 450m with a tenor of 24 months and Tranche B valued at EGP 50m with a tenor of 24 months.



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Posted on Jun 7, 2022
Region: Egypt
Factoring
EFG Hermes, bond program, EFG Holding Hermes Holding, EFG hermes Corp-Solutions