EFG Hermes launches record Egyptian bond issuance

EFG Hermes completed a bond issuance worth 5.1 billion Egyptian pounds for EFG Financial Solutions, making it the largest bond issue by a company in the Egyptian debt market. The bonds were split into two tranches with fixed and variable interest rates, maturing in 13 months, with a credit rating of (A-). This issuance aims to support the company's expansion plans in leasing and financing activities, particularly in the sectors of real estate, tourism, and oil and gas. Overall, the company's total issuances have increased to 16.7 billion pounds.

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