EFG Corp-Solutions closes record EGP 5.1 bn corporate bond issuance

EFG Corp-Solutions closed an EGP 5.1 bn corporate bond issuance — the largest transaction of its kind in Egypt’s debt capital market history. The issuance beats the company’s own record of EGP 2.65 bn last year, according to a statement(pdf) from the leasing and factoring arm of EFG Finance. Issued with an A- credit rating, the 13-month bond was split into two tranches — a fixed-rate note with a bullet repayment at maturity and a variable-rate note paid out quarterly.

Strong operating momentum: The company’s leasing arm booked a record EGP 5 bn in net financed asset sales in 1Q 2026, marking a 40% q-o-q and 125% y-o-y jump. The surge was largely driven by heavy financing in February and March following agreements with two major real estate developers.

Advisors: EFG Hermes acted as sole financial advisor, transaction manager, bookrunner, underwriter, and arranger on the issuance. Bank NXT served as placement agent, Dreny & Partners acted as legal advisor, and KPMG was the auditor.

Building its debt market track record: This is the fourth corporate bond issuance for EFG Finance's leasing and factoring arm. The transaction brings EFG Corp-Solutions’ cumulative debt capital market issuances to EGP 16.7 bn, including four securitizations worth EGP 7.6 bn, four corporate bond issuances worth EGP 8.7 bn, and a EGP 433 mn short-term note.