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Global Corp issues £1bn bonds
Global Corp for Financial Services has issued bonds worth one billion Egyptian pounds. The issuance was carried out under the supervision of Al Ahly Pharos for Underwriting and Distribution, with the aim of financing its financial activities. The issuance focused on a single tranche, and the company received a credit rating of A- from Moody's, while the issuance was assigned a P2 rating. The Arab African International Bank served as the repayment agent and subscription recipient, while Al Ahly Pharos guaranteed full subscription coverage. Dallaire & Partners Law Offices acted as the legal advisor.
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