GlobalCorp Financial Services Group has obtained the Financial Regulatory Authority’s (FRA) approval to issue the second tranche of its inaugural short-term notes program, valued at EGP 1 billion

The African Export-Import Bank (Afreximbank) successfully priced a $1.5 billion dual-tranche Reg S/144A senior unsecured benchmark Eurobond

The board of Societe Arabe Internationale De Banque (SAIB) approved the detailed conditions of its EGP bonds issuance program at a maximum amount of EGP 20 billion to finance its activities.

EFG Hermes, an EFG Holding company, has closed a short-term bond note issuance for Hermes Securities Brokerage, marking the first issuance under the brokerage firm’s newly established fourth short-term bond program with a total size of EGP 10 billion.

GlobalCorp for Financial Services has completed its first short-term debt issuance, valued at EGP 1 billion, in collaboration with Al Ahly Pharos

QNB Egypt’s ordinary general meeting (OGM) approved the board's proposal of cash dividend distribution worth EGP 2 per share to the bank's shareholders.

Tamweely Microfinance has completed the second issuance of its large-scale securitization program, with a total value of EGP 1.155 billion, as part of a broader EGP 5 billion program.

The African Development Bank (AfDB) is planning to provide a partial credit guarantee (PCG) worth $400 million, or its equivalent in Japanese yen, to support Egypt's upcoming issuance of sustainable Samurai bonds.

BM Consumer Finance, also known as Souhoola, has completed a securitized bond issuance worth EGP 478 million for Capital for Securitization.

The Financial Regulatory Authority (FRA) has issued circular No. 7 of 2024 outlining new regulations governing the securitization of financial rights arising from non-banking financing activities and other sectors

Beltone Leasing and Factoring, a subsidiary of Beltone Holding, has concluded its first securitization issuance, raising EGP 1.33 billion.

Egypt is planning to issue green bonds and sukuk worth up to EGP 10 billion before the end of the fiscal year (FY) 2024/2025, as part of its ongoing strategy to diversify funding sources.

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.

EFG Hermes has successfully concluded its advisory on the fourth securitization issuance worth EGP 1.4 billion for Bedaya Mortgage Finance.

Egypt is gearing up to re-enter the international debt market for the first time since late 2021, via the sale of around $3 billion in Eurobonds within the current fiscal year (FY) 2024/2025.

The Egyptian government is targeting to issue EGP 2 coins within the fiscal year (FY) 2024/2025 to facilitate coin circulation.

Contact Financial Holding has unveiled the closure of the first securitization bonds issue in 2024, which was issued by Sarwa Securitization at a total value of EGP 1.04 billion and backed by a consumer finance portfolio generated by Contact Credit, its subsidiaries, and sister companies.

The National Bank of Egypt (NBE) has issued three-year certificates of deposit (CDs), with a declining annual interest rates of 30% for the first year of issuance, 25% for the second year, and 20% for the third year.

Emirates NBD Egypt has issued new three certificates of deposit (CDs).

Capital Securitization, one of GB Capital Financial Investments companies, has closed an EGP 843 million securitized bond issuance for Bedaya Mortgage Finance.