EFG Corp-Solutions issues first ever batch of short-term notes: EFG Corp-Solutions has issued EGP 433 mn of short-term notes, according to a statement(pdf) from advisor EFG Hermes. The statement didn’t disclose how the funds will be used.

Investors lined up: The issuance “attracted a diverse range of investors, including asset managers, insurance companies, and a corporate client,” the statement read.

Advisors: EFG Hermes acted as the sole financial advisor, lead arranger, transaction manager, bookrunner, and underwriter. KPMG acted as auditor and Dreny & Partners was legal counsel, Al Masdar reports.

EFG Hermes has been keeping busy: The issuance comes hot on the heels of EFG Hermes issuing EGP 600 mn of debt in April to its subsidiary Hermes Securities Brokerage in the form of a senior unsecured short-term note.

What they said: “This successful issuance not only marks a significant milestone for EFG Corp-Solutions but also showcases the remarkable cross-selling synergies within EFG Holding,” said EFG Hermes Co-Head of Investment Banking Maged El Ayouti.

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