«the issuance»:

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،...


EFG Hermes Concludes Advisory on Bedaya Mortgage Finance’s Fourth Securitization Issuance Worth EGP 1.4 Billion

  EFG Hermes، an EFG Holding Company and the leading investment bank in the Middle East and North Africa (MENA)، announced today that its investment banking division successfully concluded advisory on the fourth EGP 1.4 billion securitized bond issuance for Bedaya Mortgage Finance، one of EFG Finance’s non-bank financial institutions (NBFI). and Egypt’s first non-bank online mortgage provider. The issuance comes as the second in a wider EGP 3.0 billion program. The bond is backed by a receivables portfolio assigned to Capital for Securitization، a GB Capital company، as the issuance’s special purpose vehicle (SPV).  The bond is comprised of four tranches with variable yields، structured as follows:  Tranche A – Valued at EGP 63.7 million، with a 13-month tenor and a credit...


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 Concludes Advisory on EFG Corp-Solutions’ First، EGP 433 Million Short-Term Note 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 a short-term note issuance، valued at EGP 433 million for a one-year term for EFG Corp-Solutions، a subsidiary of EFG Finance and an EFG Holding Company، and one of Egypt’s leading leasing and factoring companies. This transaction comes as the first of its kind for EFG Corp-Solutions. The recent issuance has not only been a success but has also attracted a diverse range of investors، including asset managers، insurance companies، and a corporate client. This broad appeal underscores the company’s robust market position، achieving full subscriptions without the involvement of local banks، and highlights the robust...


EFG Hermes Concludes Advisory on Hermes Securities Brokerage Company’s (HSB) Fifth، EGP 600 Million Senior Unsecured Short-Term Note Issuance

 EFG Hermes، an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA)، announced today that its investment banking division has successfully closed the issuance of a senior unsecured short-term note for the Hermes Securities Brokerage Company (HSB)، a wholly owned subsidiary of EFG Holding، in an EGP 600 million transaction. This marks the fifth issuance for the company and the second in an approved two-year program worth EGP 2 billion.  The national scale long-term senior unsecured entity rating of "BBB+" with a Stable Outlook and the short-term senior unsecured issuer rating of "P2" to HSB have been affirmed by the Middle East Ratings and Investor Services (MERIS). The 12-month bullet note will have...


EFG Hermes Closes Palm Hills Developments Securitization Issuance Worth EGP 421 Million as Part of its EGP 5 Billion Issuance Program

 EFG Hermes، the leading investment bank in Frontier and Emerging Markets (FEM) under EFG Holding and Palm Hills Developments (PHD)، a leading real estate developer in Egypt jointly announced today the successful closing of an EGP 421 million securitized bond، the second issuance in a newly approved EGP 5 billion program. The issuance is structured as follows:   Tranche A – valued at EGP 50.52 million with a tenor of 13 months and a credit rating of AA+ from Middle East Ratings and Investors Service (MERIS)Tranche B – valued at EGP 155.77 million with a tenor of 36 months and a credit rating of AA from MERISTranche C – valued at EGP 214.71 million with a tenor of 84 months and a credit...


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 Concludes Advisory on EGP 159.2 Million Second Issuance for Qasatli as Part of EGP 6.5 Billion Program

 EFG Hermes، the leading investment bank franchise in Frontier and Emerging Markets (FEM)، announced today that its investment banking division’s DCM team has successfully concluded advisory on the second issuance for mortgage finance company Qasatli worth EGP 159.2 million. The issuance comes as part of the wider EGP 6.5 billion securitization program that was approved in December 2020 for nine different originators: Amer Group’s four subsidiaries، four subsidiaries of Porto Group، and Qasatli.The issuance is structured as follows:Tranche A – valued at EGP 15.9 million with a tenor of 13 months and a credit rating of AA+ from Middle East Ratings and Investors Service (MERIS)Tranche B – valued at EGP 73.2 million with a tenor of 36 months and a credit rating...


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...