«bond issuance»:

EFG Hermes Concludes Advisory on EFG Corp-Solutions’ EGP 2.65 Billion Issuance، Egypt’s Largest-Ever Corporate Bond Issuance

EFG Hermes، an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA)، announced today the successful conclusion of Egypt’s largest corporate bond issuance to date، a bond issuance valued at EGP 2.65 billion for EFG Corp-Solutions، a subsidiary of EFG Finance and one of Egypt’s leading leasing and factoring companies. This transaction marks as the fourth bond issuance for EFG Corp-Solutions. The bond was issued with a credit rating of A- by Middle East Ratings and Investor Services (MERIS)، with a 13-month tenor. Maged El Ayouti، Co-Head of Investment Banking at EFG Hermes، commented on the issuance، saying، “We are proud to have successfully advised on Egypt’s largest-ever corporate bond issuance. This milestone reflects our commitment...


Valu Closes its 15th Securitized Bond Issuance، Worth EGP 1.036 Billion

Valu، MENA’s leading universal financial technology powerhouse، announced today that it has finalized its 15th securitized bond issuance، worth EGP 1.036 billion، with EFG Hermes، an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA)، this brings Valu’s total securitizations value to EGP 12.3 billion. The issuance is the fifth under the newly approved securitization program، which is worth a total of EGP 16.0 billion.The bond is backed by a receivables portfolio assigned to EFG for Securitization، the issuance’s special purpose vehicle (SPV)، with a 10-month bond، a Prime 1 (sf) rating، and a fixed interest rate.Karim Riad، CFO of Valu، commented، “This transaction is a testament to our long-standing and strategic partnership with...


EFG Hermes Closes the 12th Securitized Bond Issuance Worth EGP 667.3 Million for Valu

EFG Hermes، an EFG Holding company and the leading Investment Bank in the Middle East and North Africa (MENA)، announced today that it has finalized the 12th securitized bond issuance worth EGP 667.3 million for Valu، MENA’s leading universal financial technology powerhouse. The issuance is the second under the newly approved securitization program، which is worth a total of EGP 16.0 billion. The bond is backed by a receivables portfolio assigned to EFG for Securitization، the issuance’s special purpose vehicle (SPV)، and is comprised of two tranches: • Tranche A – Valued at EGP 413.7 million، with a 6-month bond، a Prime 1 (sf) rating، and a fixed interest rate.• Tranche B – Valued at EGP 253.6 million، with a 12-month bond،...


Valu Closes its 11th Securitized Bond Issuance Worth EGP 1،091.9 Million

Valu، MENA’s leading universal financial technology powerhouse، announced today that it has finalized its 11th securitized bond issuance worth EGP 1،091.9 million. The issuance is the first under the newly approved securitization program worth a total of EGP 16 billion. The bond is backed by a receivables portfolio assigned to EFG for Securitization، the issuance’s special purpose vehicle (SPV)، and is comprised of two tranches: • Tranche A – Valued at 676.98 million، with a 6-month bond tenor، a Prime 1 (sf) rating، and a fixed interest rate. • Tranche B – Valued at EGP 414.92 million، with a 12-month bond tenor، a Prime 2 (sf) rating، and a fixed interest rate. Shokry Bidair، CFO of Valu، commented، “Finalizing this bond marks a pivotal...


Valu Closes its 10th Securitized Bond Issuance Worth EGP 1.2 Billion

 Valu، MENA’s leading universal financial technology powerhouse، announced today that it has closed its 10th securitized bond issuance worth EGP 1.2 billion. The issuance is part of the approved extended securitization program worth EGP 9.0 billion.  The bond is backed by a receivables portfolio assigned to EFG for Securitization، the issuance’s special purpose vehicle (SPV)، and is comprised of two tranches: Tranche A – Valued at EGP 691.6 million، with a 6-month bond tenor، a Prime 1 (sf) rating، and a fixed interest rate. Tranche B – Valued at EGP 461.0 million، with a 12-month bond tenor، a Prime 2 (sf) rating، and a fixed interest rate.   Shokry Bidair، CFO of Valu، said، “This milestone marks a significant step in our growth journey، showcasing our ability...


EFG Hermes Successfully Concludes Advisory on the Second Future Flow Securitization Issuance for CIRA Education in an EGP 700 million Securitized Bond Offering

 This transaction comes after EFG Hermes advised on Egypt’s first-ever future flow securitization issuance for CIRA Education in 2022.Cairo، November 1، 2023EFG Hermes، the leading investment bank franchise in Frontier and Emerging Markets (FEM)، announced today that it successfully closed the second issuance of a future flow securitized bond for CIRA Education، the largest integrated provider of educational services in the Egyptian private sector. The transaction، worth EGP 700 million، is the second issuance of an approved EGP 2.0 billion bond program and is backed by future revenues generated by the company.Mostafa Gad، Co-Head of Investment Banking at EFG Hermes، said، “We are delighted to have executed the second issuance of the future flow securitized bond for CIRA Education after successfully...


EFG Hermes Successfully Concludes Advisory on the Third Issuance for EFG Corp-Solutions in the program، worth EGP 1.0 Billion

  EFG Hermes، the leading investment bank franchise in Frontier and Emerging Markets (FEM)، announced today the successful conclusion of EFG Holding’s wholly-owned subsidiary، EFG Corp-Solutions' third issuance of a securitization bond worth EGP 1.0 billion. This milestone marks a significant expansion of EFG Corp-Solutions' securitization program، which has now increased its value from EGP 3.0 billion to EGP 6.0 billion. The bond is backed by a receivables portfolio assigned to EFG Securitization as the issuance’s special purpose vehicle (SPV). The securitization bond is comprised of three tranches:Tranche A – Valued at EGP 15.2 million، with a 12-month bond tenor and a Prime 1 (sf) rating Tranche B – Valued at EGP 465.5 million، with a 36-month bond tenor and an A+ (sf)...


EFG Hermes Successfully Concludes EGP 472 Million Securitized Bond Issuance for EMRC as Part of its EGP 3 Billion Issuance Program

EFG Hermes، the leading investment bank franchise in Frontier and Emerging Markets (FEM)، announced today that its investment banking division successfully concluded advisory on the first issuance for Egyptian Mortgage Refinance Company (EMRC) in a securitized bond offering worth EGP 472 million. This comes as the first issuance in a newly approved EGP 3 billion securitization program. With this landmark securitization program، EMRC has become the first refinance mortgage company to securitize portfolios for mortgage companies in the Egyptian market. As EMRC operates as a refinance mortgage company، it acquired the securitized portfolio from Bedaya Mortgage Finance، which assumed the role of the transaction’s servicer.   The issuance is structured as follows:    Tranche A – valued at EGP 66.1 million with a...