Latest news with #EFGHermes
Zawya
18 hours ago
- Business
- Zawya
Egypt: EFG Hermes advises on EFG Corp-Solutions' $52mln bond issuance
Arab Finance: EFG Hermes, an investment bank in the Middle East and North Africa (MENA) and a subsidiary of EFG Holding, has concluded advisory on an EGP 2.65 billion corporate bond issuance for EFG Corp-Solutions, as per an emailed press release. A subsidiary of EFG Finance, EFG Corp-Solutions is a company specializing in leasing and factoring in Egypt. This marks its fourth bond issuance. The bond, issued with a credit rating of A- from Middle East Ratings and Investor Services (MERIS), has a 13-month tenor. For this issuance, EFG Hermes acted as the financial advisor, transaction manager, bookrunner, underwriter, and arranger. Commercial International Bank (CIB) was the placement and subscription bank, while Dreny & Partners provided legal advisory services. KPMG served as the auditor. EFG Hermes continues its involvement in debt issuances in the region, having recently advised on several transactions, including Bedaya's sixth securitization issuance valued at EGP 1.64 billion and Valu's 15th securitized bond issuance worth EGP 1.036 billion. Other advisory work includes Bedaya's fifth securitization at EGP 1.78 billion, Sylndr's EGP 370 million working capital facility, and a short-term note issuance of EGP 433 million for EFG Corp-Solutions. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
20 hours ago
- Business
- Zawya
Valu expected to float shares on Egypt's EGX in June
Cairo – U Consumer Finance (Valu) intends to proceed with its plans to trade its shares on the Egyptian Exchange (EGX), according to a press release. Valu temporarily floated its shares on the EGX on 21 May 2025. Meanwhile, the company will officially list its shares following registration with the Egyptian Financial Regulatory Authority (FRA) and the completion of the dividend distribution. EFG Holding Company is giving its shareholders stock in Valu as a dividend, as the shareholders approved allocating EGP 335.32 million out of the company's distributable retained earnings. The ratio of the number of Valu shares that will be allocated to the shareholders of EFG Holding is 1 share in favor of every 3.32 shares. The EGX-listed group set the record date on Thursday, 12 June 2025. As of the end of the trading session, EFG Holding's shares owners and purchasers will become direct shareholders in Valu after completing the necessary procedures. Subject to regulatory approvals, Valu will commence trading its shares on the EGX on 22 June 2025. Valu and EFG Holding engaged EFG Hermes Promoting and Underwriting to act as the sole financial advisor for the transaction. Zulficar & Partners will serve as legal counsel, whereas Gibson, Dunn & Crutcher LLP will act as legal counsel to EFG Holding in connection with the international aspects of the transaction. Walid Hassouna, CEO of Valu, said: "This listing marks a significant milestone in Valu's journey, and is a testament to the disruptive and positive impact we have made in the market as one of the leading fintech players in the MENA region and Egypt's leading fintech platform.' 'With the full backing of our parent EFG Holding, we're unlocking new value for our customers and shareholders, and accelerating our mission to democratize access to finance in the region,' Hassouna added. Last March, EFG Holding's board members greenlighted the listing of Valu on EGX.
Tahya Masr
2 days ago
- Business
- Tahya Masr
EFG Hermes Concludes Advisory on EFG Corp-Solutions' EGP 2.65 Billion Issuance, Egypt's Largest-Ever Corporate Bond 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 Egypt's largest corporate bond issuance to date, a bond issuance valued at EGP 2.65 billion for EFG Corp-Solutions, a subsidiary of EFG Finance and one of Egypt's leading leasing and factoring companies. This transaction marks as the fourth bond issuance for EFG Corp-Solutions. The bond was issued with a credit rating of A- by Middle East Ratings and Investor Services (MERIS), with a 13-month tenor. Maged El Ayouti, Co-Head of Investment Banking at EFG Hermes , commented on the issuance, saying, 'We are proud to have successfully advised on Egypt's largest-ever corporate bond issuance. This milestone reflects our commitment to delivering innovative financial solutions and supporting the growth of our clients. By leveraging our extensive network and expertise, we were able to fully cover the issuance through a diverse base of non-bank institutional investors—an achievement that reflects strong market confidence and the strength of the offering, with the issuance being completely covered from non-bank institutional investors. This broad appeal underscores the robust market position of EFG Corp-Solutions and highlights the synergies within EFG Holding.' Talal El Ayat, CEO of EFG Corp-Solutions , shares his enthusiasm, saying, 'This issuance marks a significant achievement for EFG Corp-Solutions and underscores our position as a leader in the leasing and factoring industry. The success of this bond issuance is a testament to the market's trust in our business model and our potential for sustained growth. We are excited about the opportunities this bond will create for our company and our stakeholders, and we look forward to leveraging this momentum to further expand our footprint and deliver exceptional value.' This transaction comes as the latest in a series of debt issuances advised by EFG Hermes in the region. Most recently, EFG Hermes advised on Bedaya's sixth securitization issuance worth EGP 1.64 billion. It also advised Valu on its 14th securitized bond issuance, worth EGP 463.3 million, as well as the fifth securitization for Bedaya, valued at EGP 1.78 billion. The firm also concluded advisory on Sylndr's EGP 300 million working capital facility, in addition to a short-term note valued at EGP 433 million for EFG Corp-Solutions. EFG Hermes acted as the sole financial advisor, transaction manager, book-runner, underwriter, and arranger for the issuance. Commercial International Bank (CIB) acted as the placement and subscription bank. Legal advisory services were provided by Dreny & Partners, while KPMG was appointed as the auditor for the issuance.
bnok24
2 days ago
- Business
- bnok24
EFG Hermes Concludes Advisory on EFG Corp-Solutions' EGP 2.65 Billion Issuance, Egypt's Largest-Ever Corporate Bond 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 Egypt's largest corporate bond issuance to date, a bond issuance valued at EGP 2.65 billion for EFG Corp-Solutions, a subsidiary of EFG Finance and one of Egypt's leading leasing and factoring companies. This transaction marks as the fourth bond issuance for EFG Corp-Solutions The bond was issued with a credit rating of A- by Middle East Ratings and Investor Services (MERIS), with a 13-month tenor Maged El Ayouti, Co-Head of Investment Banking at EFG Hermes, commented on the issuance, saying, 'We are proud to have successfully advised on Egypt's largest-ever corporate bond issuance. This milestone reflects our commitment to delivering innovative financial solutions and supporting the growth of our clients. By leveraging our extensive network and expertise, we were able to fully cover the issuance through a diverse base of non-bank institutional investors—an achievement that reflects strong market confidence and the strength of the offering, with the issuance being completely covered from non-bank institutional investors. This broad appeal underscores the robust market position of EFG Corp-Solutions and highlights the synergies within EFG Holding Talal El Ayat, CEO of EFG Corp-Solutions, shares his enthusiasm, saying, 'This issuance marks a significant achievement for EFG Corp-Solutions and underscores our position as a leader in the leasing and factoring industry. The success of this bond issuance is a testament to the market's trust in our business model and our potential for sustained growth. We are excited about the opportunities this bond will create for our company and our stakeholders, and we look forward to leveraging this momentum to further expand our footprint and deliver exceptional value This transaction comes as the latest in a series of debt issuances advised by EFG Hermes in the region. Most recently, EFG Hermes advised on Bedaya's sixth securitization issuance worth EGP 1.64 billion. It also advised Valu on its 14th securitized bond issuance, worth EGP 463.3 million, as well as the fifth securitization for Bedaya, valued at EGP 1.78 billion. The firm also concluded advisory on Sylndr's EGP 300 million working capital facility, in addition to a short-term note valued at EGP 433 million for EFG Corp-Solutions EFG Hermes acted as the sole financial advisor, transaction manager, book-runner, underwriter, and arranger for the issuance. Commercial International Bank (CIB) acted as the placement and subscription bank. Legal advisory services were provided by Dreny & Partners, while KPMG was appointed as the auditor for the issuance Google News تابعونا على تابعونا على تطبيق نبض EFG Corp-SolutionsEFG Hermes جاري التحميل ...
El Fagr
2 days ago
- Business
- El Fagr
EFG Hermes Concludes Advisory on EFG Corp-Solutions' EGP 2.65 Billion Issuance، Egypt's Largest-Ever Corporate Bond 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 Egypt's largest corporate bond issuance to date، a bond issuance valued at EGP 2.65 billion for EFG Corp-Solutions، a subsidiary of EFG Finance and one of Egypt's leading leasing and factoring companies. This transaction marks as the fourth bond issuance for EFG Corp-Solutions. The bond was issued with a credit rating of A- by Middle East Ratings and Investor Services (MERIS)، with a 13-month tenor. Maged El Ayouti، Co-Head of Investment Banking at EFG Hermes ، commented on the issuance، saying، 'We are proud to have successfully advised on Egypt's largest-ever corporate bond issuance. This milestone reflects our commitment to delivering innovative financial solutions and supporting the growth of our clients. By leveraging our extensive network and expertise، we were able to fully cover the issuance through a diverse base of non-bank institutional investors—an achievement that reflects strong market confidence and the strength of the offering، with the issuance being completely covered from non-bank institutional investors. This broad appeal underscores the robust market position of EFG Corp-Solutions and highlights the synergies within EFG Holding.' Talal El Ayat، CEO of EFG Corp-Solutions ، shares his enthusiasm، saying، 'This issuance marks a significant achievement for EFG Corp-Solutions and underscores our position as a leader in the leasing and factoring industry. The success of this bond issuance is a testament to the market's trust in our business model and our potential for sustained growth. We are excited about the opportunities this bond will create for our company and our stakeholders، and we look forward to leveraging this momentum to further expand our footprint and deliver exceptional value.' This transaction comes as the latest in a series of debt issuances advised by EFG Hermes in the region. Most recently، EFG Hermes advised on Bedaya's sixth securitization issuance worth EGP 1.64 billion. It also advised Valu on its 14th securitized bond issuance، worth EGP 463.3 million، as well as the fifth securitization for Bedaya، valued at EGP 1.78 billion. The firm also concluded advisory on Sylndr's EGP 300 million working capital facility، in addition to a short-term note valued at EGP 433 million for EFG Corp-Solutions. EFG Hermes acted as the sole financial advisor، transaction manager، book-runner، underwriter، and arranger for the issuance. Commercial International Bank (CIB) acted as the placement and subscription bank. Legal advisory services were provided by Dreny & Partners، while KPMG was appointed as the auditor for the issuance.
