EFG Hermes wraps up advisory on EFG Corp-Solutions’ EGP 450M issuance
Updated 10/14/2024 10:23:00 AM
Arab Finance: The investment banking division of EFG Hermes, a subsidiary of EFG Holding, has concluded advisory on an EGP 450 million five-year issuance for EFG Corp-Solutions, a subsidiary of EFG Finance, as per an emailed press release.
This marks the second issuance for EFG Corp-Solutions under a wider EGP 3 billion securitization program.
EFG Hermes served as the sole financial advisor, transaction manager, book-runner, underwriter, and arranger for the issuance, while Al Ahli Bank of Kuwait - Egypt (ABK) was the underwriter.
“This issuance represents another noteworthy landmark for EFG Corp-Solutions and showcases our ability to draw in a wide range of investors, signaling the market’s confidence in our business model,” Talal El Ayat, CEO of EFG Corp-Solutions, stated.
“This achievement also serves as a crucial step in our strategy to offer the highest quality leasing and factoring solutions to a broader segment of customers,” he added.
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