EFG Corp-Solutions closes Egypt’s largest-ever corporate bond issuance: EFG Finance’s EFG Corp-Solutions has closed a EGP 2.65 bn corporate bond issuance — the country’s largest ever — according to a company statement (pdf).

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The details: The bond was issued with a 13-month tenor and was rated A- by Middle East Ratings and Investor Services (MERIS). The issuance was completely covered from non-bank institutional investors and marks EFG Corp-Solutions’ fourth bond issuance.

ADVISORS- EFG Hermes acted as sole financial advisor, transaction manager, bookrunner, underwriter, and arranger. CIB was the placement and subscription bank, Dreny & Partners provided counsel, and KPMG was the auditor.

What they said: “We are excited about the opportunities this bond will create for our company and our stakeholders, and we look forward to leveraging this momentum to further expand our footprint and deliver exceptional value,” CEO Talal El Ayat said.

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