"Hermes" succeeds in issuing financial bonds - Sadahadhramowt | News

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الثلاثاء، 28 مارس 2023

"Hermes" succeeds in issuing financial bonds

Cairo-agencies :

 EFG Hermes announced the completion of the eighth issue worth EGP 193.65 million as part of the issuance of two-year securitization bonds worth EGP 2 billion for premium international credit services company.

In a statement today, Hermes said that this issue is secured by a portfolio of receivables in favor of EFG Hermes securitization company.

She added that the issue has been launched in two tranches: the first tranche is worth EGP 94.89 million for a period of 10 months, and the second tranche is worth EGP 98.76 million for a period of 36 months.

EFG Hermes acted as the financial advisor, manager, arranger, sole promoter and co-underwriter of the issuance transaction.

Arab African International Bank (AAIB) acted as the main arranger and guarantor of the coverage, along with Banque Misr, which also acted as the guarantor of coverage and custodian, while aiBANK was one of the banks participating in the subscription, KPMG acted as the financial auditor, while Dreny and Partners law firm acted as the legal adviser to the transaction.


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