Latest news with #HSB
Zawya
5 days ago
- Business
- Zawya
Egypt: EFG Hermes advises on $18mln short-term note for Hermes Securities Brokerage
Arab Finance: EFG Hermes, a subsidiary of EFG Holding, has completed advisory on a senior unsecured short-term note issuance worth EGP 900 million for Hermes Securities Brokerage Company (HSB), as per an emailed press release. This is the sixth issuance by HSB and the first under its EGP 3 billion approved program. The bond has a 12-month tenor with a variable interest rate. HSB's national scale long-term senior unsecured entity rating of BBB+ with a positive outlook and short-term senior unsecured issuer rating of P2 were confirmed by Middle East Ratings and Investor Services (MERIS). EFG Hermes served as the sole financial advisor, transaction manager, book-runner, underwriter, and arranger. Commercial International Bank (CIB) acted as placement and subscription bank. Legal advisory was provided by Dreny & Partners, with KPMG appointed as auditor. This follows other debt issuances managed by EFG Hermes, including Bedaya's sixth securitization of EGP 1.64 billion, valU's 14th securitized bond of EGP 463.3 million, Bedaya's fifth securitization of EGP 1.78 billion, Sylndr's EGP 300 million working capital facility, and a short-term note of EGP 433 million for EFG Corp-Solutions. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
El Fagr
6 days ago
- Business
- El Fagr
EFG Hermes Concludes Advisory on Hermes Securities Brokerage Company's (HSB) Sixth، EGP 900 Million Senior Unsecured Short-Term Note Issuance
EFG Hermes Concludes Advisory on Hermes Securities Brokerage Company's (HSB) Sixth، EGP 900 Million Senior Unsecured Short-Term Note Issuance This issuance comes as the first successful closure in a wider EGP 3 billion program. Cairo، May 25، 2025 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 900 million transaction. This marks the company's sixth issuance and the first in an approved program worth EGP 3 billion. The national scale long-term senior unsecured entity rating of "BBB+" with a Positive 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 bond has a 12-month tenor and a variable interest rate. Maged El Ayouti، Co-Head of Investment Banking at EFG Hermes، commented on the issuance، saying، 'We are delighted to support Hermes Securities Brokerage Company (HSB) in closing its sixth issuance، which marks the first in its ambitious EGP 3 billion program، leveraging the synergies within EFG Holding. This issuance is a testament to our ongoing commitment to fostering sustainable growth within Egypt's financial markets as we continue to deliver innovative financing solutions and attract substantial demand from an investor base in such issuances beyond commercial banks. As the leading investment bank in the MENA region's capital markets، EFG Hermes remains dedicated to unlocking valuable investment opportunities for our clients across debt and equity markets.' This transaction marks 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.
Zawya
6 days ago
- Business
- Zawya
EFG Hermes concludes advisory on HSB's sixth, EGP 900mln senior unsecured short-term note issuance
Cairo: 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 900 million transaction. This marks the company's sixth issuance and the first in an approved program worth EGP 3 billion. The national scale long-term senior unsecured entity rating of "BBB+" with a Positive 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 bond has a 12-month tenor and a variable interest rate. Maged El Ayouti, Co-Head of Investment Banking at EFG Hermes, commented on the issuance, saying, 'We are delighted to support Hermes Securities Brokerage Company (HSB) in closing its sixth issuance, which marks the first in its ambitious EGP 3 billion program, leveraging the synergies within EFG Holding. This issuance is a testament to our ongoing commitment to fostering sustainable growth within Egypt's financial markets as we continue to deliver innovative financing solutions and attract substantial demand from an investor base in such issuances beyond commercial banks. As the leading investment bank in the MENA region's capital markets, EFG Hermes remains dedicated to unlocking valuable investment opportunities for our clients across debt and equity markets.' This transaction marks 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. About EFG Holding EFG Holding (EGX: – LSE: EFGD) is a financial institution that boasts a remarkable 40-year legacy of success in seven countries spanning two continents. Operating within three distinct verticals — the Investment Bank (EFG Hermes), Non-Bank Financial Institutions (NBFI) (EFG Finance), and Commercial Bank (Bank NXT) — the company provides a comprehensive range of groundbreaking financial products and services tailored to meet the needs of a diverse clientele, including individual clients and businesses of all sizes. EFG Hermes, the leading investment bank in the Middle East and North Africa (MENA), offers extensive financial services, encompassing advisory, asset management, securities brokerage, research, and private equity. In its domestic market, EFG Holding serves as a universal bank, with EFG Finance emerging as the fastest-growing NBFI platform, comprising Tanmeyah, a provider of innovative and integrated financial solutions for small business owners and entrepreneurs, EFG Corp-Solutions, which provides leasing and factoring services, Valu, a universal financial technology powerhouse, Bedaya for mortgage finance, Kaf for insurance, and EFG Finance SMEs, which provides financial services for small and medium enterprises. Furthermore, the company delivers commercial banking solutions through Bank NXT, an integrated retail and corporate banking product provider in Egypt. Proudly present in: Egypt | United Arab Emirates | Saudi Arabia | Kuwait | Bahrain | Kenya | Nigeria Learn more about us at For further information, please contact: May El Gammal Group Chief Marketing & Communications Officer of EFG Holding melgammal@ Omar Salama Associate Director of Communications of EFG Holding osalama@ The EFG Holding Public Relations Team PublicRelations@ Note on Forward-Looking Statements In this press release, EFG Holding may make forward-looking statements, including, for example, statements about management's expectations, strategic objectives, growth opportunities, and business prospects. These forward-looking statements are not historical facts but instead represent only EFG Holding's belief regarding future events, many of which, by their nature, are inherently uncertain and are beyond management's control and include, among others, financial market volatility; actions and initiatives taken by current and potential competitors; general economic conditions and the effect of current, pending, and future legislation, regulations and regulatory actions. Accordingly, the readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they are made.
bnok24
6 days ago
- Business
- bnok24
EFG Hermes Concludes Advisory on Hermes Securities Brokerage Company's (HSB) Sixth, EGP 900 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 900 million transaction. This marks the company's sixth issuance and the first in an approved program worth EGP 3 billion The national scale long-term senior unsecured entity rating of 'BBB+' with a Positive 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 bond has a 12-month tenor and a variable interest rate Maged El Ayouti, Co-Head of Investment Banking at EFG Hermes, commented on the issuance, saying, 'We are delighted to support Hermes Securities Brokerage Company (HSB) in closing its sixth issuance, which marks the first in its ambitious EGP 3 billion program, leveraging the synergies within EFG Holding. This issuance is a testament to our ongoing commitment to fostering sustainable growth within Egypt's financial markets as we continue to deliver innovative financing solutions and attract substantial demand from an investor base in such issuances beyond commercial banks. As the leading investment bank in the MENA region's capital markets, EFG Hermes remains dedicated to unlocking valuable investment opportunities for our clients across debt and equity markets This transaction marks 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
New Straits Times
21-05-2025
- Health
- New Straits Times
SPM student left bedridden by brain tumour, says heartbroken mother
ALOR STAR: Mia Orked Lestary Mohd Yusaidil Fitra is supposed to be attending school to prepare for her Sijil Pelajaran Malaysia (SPM) examinations later this year. However, the eldest child of four and a bright student who was actively playing netball and enjoyed mountain climbing, is now left bedridden due to a brain tumour. "I've cried my heart out seeing the condition of my daughter in a coma. She used to be healthy and cheerful," said her mother, Suhaily Karno, 42, in tears. Mia began experiencing hearing problems, unstable walking, and frequent shivering since last October, she said. After several visits to the Tualang Health Clinic, the doctor referred her to the Sultanah Bahiyah Hospital (HSB) due to recurring symptoms. "After taking samples and undergoing an MRI (Magnetic Resonance Imaging) scan, my daughter was confirmed to have brain tumours on both the left and right sides of her brain," she said in an interview at their home in Kampung Banggol Chengal, Telaga Mas. Suhaily said her daughter's condition deteriorated, and she underwent eight surgeries between October and the latest one on May 14. She said six of the procedures involved inserting tubes to remove excess fluid from her head, while the other two involved spinal surgery and the removal of pus from her abdomen. "She was supposed to sit for her SPM, but now she can't move, and only shows signs of discomfort by moving her legs or fingers. "When we call her name, only her pupils move. Since her eyes remain open constantly, I have to use tape to help her sleep," she said. She added that she is currently unemployed to provide full care for Mia, while her husband, Mohd Yusaidil Fitra Mat Isa, 43, does odd jobs. The couple have three other children, aged between six and 14. "My daughter needs to see specialists at HSB between five to six times a week. We have to use an ambulance to transport her to the hospital because it is difficult to lift her into a car," she said. She added that Mia is fully dependent on a special formula milk, with one small can costing RM50, lasting only a day, administered via a feeding tube. "I have no choice but to use whatever money we have to buy the milk, even though it's expensive. It's the only nutrition recommended by the doctor for her energy. She also requires disposable diapers," she said. Suhaily said Mia is scheduled to undergo surgery to remove the tumour on the right side of her brain on Aug 17. Meanwhile, Cancer Survivors Malaysia (CSM), chairman Zuraini Kamal, who visited the family, donated an air mattress, a phlegm suction machine, cash, and groceries to ease their burden.
