EFG Hermes announces successful issuance of security bonds for 3 companies

EGYPT – Egyptian Financial Group Hermes Holding (EFG Hermes), has announced the successful completion of the issuance of the first tranche of EGP700 million (US$44.6m) from issuing securitized bonds with a total value of EGP6.5 billion (US$410m) for the benefit of “Amer Group”, “Porto Group” and “Qastali”. The company added in a statement that it played the role of the single-issue manager and financial advisor in the first issue amounting to EGP700 million (US$44.6m) and secured with credit balances and receipts amounting to EGP911 million (US$58.04bn) from 5 exporting companies,…

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