EFG Hermes Leasing planning EGP 300 mn securitized bond issuance this week

EFG Hermes Leasing is planning to make a EGP 300 mn securitized bond issuance “in the coming days,” EFG Hermes Finance CEO Walid Hassouna tells Al Mal. CIB and Banque Misr will sign on as guarantors of the issuance, he added. The move is part of a securitized bond issuance plan that would see EFG Hermes Leasing issue bonds every six months at various amounts. EFG Hermes subsidiary Tanmeyah Microfinance is also planning to make a securitized bond issuance some time in 1H2019, noted Hassouna.