{"id":548486,"date":"2022-08-10T04:00:08","date_gmt":"2022-08-10T04:00:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/10\/efg-hermes-signs-egp-750-mn-sale-leaseback-agreement-with-marakez\/"},"modified":"2022-08-10T04:00:08","modified_gmt":"2022-08-10T04:00:08","slug":"efg-hermes-signs-egp-750-mn-sale-leaseback-agreement-with-marakez","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/10\/efg-hermes-signs-egp-750-mn-sale-leaseback-agreement-with-marakez\/","title":{"rendered":"EFG Hermes signs EGP 750 mn sale + leaseback agreement with Marakez"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>EFG Hermes\u2019 leasing and factoring arm has signed an EGP 750 mn sale and <\/strong><strong>leaseback agreement with real estate developer Marakez<\/strong> to refinance the Mall of Arabia in Sixth of October, EFG Hermes announced in <a href=\"https:\/\/ent.news\/2022\/8\/EFG-Hermes-x-MARAKEZ.pdf\">a statement (pdf)<\/a>. The two-tranche transaction is part of a wider EGP 2.25 bn financing package arranged by the company.<\/p>\n<p><strong>A very EFG affair: <\/strong>EFG\u2019s investment banking division was the sole financial advisor and arranger on the issuance. EFG Hermes\u2019 Corp-Solutions was the leasing partner, and the Arab Investment Bank (aiBank), which EFG<a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a015541a-1a21-48dd-80d4-3dd23dd9d76b\">acquired late last year<\/a>, was the lender.<\/p>\n<p><strong>\u201cThis transaction is a testament to our ability to seamlessly cross-sell products across EFG Hermes<\/strong>, with this transaction seeing the first-time participation of both EFG Hermes Corp-Solutions and aiBANK alongside the Investment Banking division, cementing our positioning as a one-stop-shop for our clients\u2019 ever-evolving financing needs\u201d said Maged El Ayouti, managing director and deputy head of investment banking at EFG.<\/p>\n<p><strong>EFG Corp-Solutions is growing its commercial property portfolio:<\/strong> This is the latest in a string of sale and leaseback agreements for EFG Hermes Corp-Solutions, which is looking to make further inroads in the real estate sector. The firm signed an <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/08e58333-e8a9-436c-9b56-04b723b3f4c5\">EGP 600 mn agreement with LMD<\/a> in March, a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2eac66cd-7c5e-4937-9583-6fb425f3a217\">EGP 750 mn transaction with MNHD<\/a> in December, and a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/850d2216-0b24-4ff5-9248-017e0d9c3a42\">EGP 750 mn agreement with Misr Italia<\/a> in October.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EFG Hermes\u2019 leasing and factoring arm has signed an EGP 750 mn sale and leaseback agreement with real estate developer Marakez to refinance the Mall of Arabia in Sixth of October, EFG Hermes announced in a statement (pdf). The two-tranche transaction is part of a wider EGP 2.25 bn financing package arranged by the company. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":548487,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7274],"tags":[7106,88,84,72,895,595],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-548486","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-debt","tag-debt-watch","tag-efg-hermes","tag-enterpriseam","tag-marakez","tag-non-banking-financial-services","wpautop","entry"],"acf":{"mongo_id":"5b20e072-29dc-4a66-8a04-1178e22778ed","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/8\/202.jpg","photo_position":"above","related_issue":[548475],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>EFG Hermes signs EGP 750 mn sale + leaseback agreement with Marakez - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/10\/efg-hermes-signs-egp-750-mn-sale-leaseback-agreement-with-marakez\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EFG Hermes signs EGP 750 mn sale + leaseback agreement with Marakez\" \/>\n<meta property=\"og:description\" content=\"EFG Hermes\u2019 leasing and factoring arm has signed an EGP 750 mn sale and leaseback agreement with real estate developer Marakez to refinance the Mall of Arabia in Sixth of October, EFG Hermes announced in a statement (pdf). The two-tranche transaction is part of a wider EGP 2.25 bn financing package arranged by the company. 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The agreement is for the sale and leaseback of MNHD\u2019s Cobalt district in its Taj City\u2026","rel":"","context":"In &quot;NON-BANK FINANCE&quot;","block_context":{"text":"NON-BANK FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/category\/non-bank-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/493.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":544574,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/10\/efg-hermes-signs-egp-600-mn-sale-and-leaseback-agreement-with-lmd\/","url_meta":{"origin":548486,"position":1},"title":"EFG Hermes signs EGP 600 mn sale and leaseback agreement with LMD","author":"enterpriseam admin","date":"10 March 2022","format":false,"excerpt":"EFG Hermes Corp-Solutions has signed a EGP 600 mn sale and leaseback agreement with real estate developer LMD to finance its multi-purpose 3\u2019Sixty project in New Cairo, it announced in a press release (pdf) yesterday. The developer received the funding in two equal tranches, which were disbursed in January and\u2026","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/3\/126.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":556012,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/06\/efg-hermes-signs-egp-750-mn-sale-and-leaseback-agreement-with-misr-italia\/","url_meta":{"origin":548486,"position":2},"title":"EFG Hermes signs EGP 750 mn sale and leaseback agreement with Misr Italia","author":"enterpriseam admin","date":"6 October 2021","format":false,"excerpt":"EFG Hermes\u2019 leasing and factoring arm has signed an EGP 750 mn sale and leaseback agreement with Misr Italia Properties to refinance its Garden 8 Mall in New Cairo, EFG Hermes Corp-Solutions announced in a statement (pdf).Misr Italia will direct the funds to other projects: The money raised through the\u2026","rel":"","context":"In &quot;NON-BANK FINANCE&quot;","block_context":{"text":"NON-BANK FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/category\/non-bank-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/10\/84.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":547020,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/06\/efg-hermes-corp-solutions-closes-egp-500-mn-bond-issuance\/","url_meta":{"origin":548486,"position":3},"title":"EFG Hermes Corp-Solutions closes EGP 500 mn bond issuance","author":"enterpriseam admin","date":"6 June 2022","format":false,"excerpt":"EFG Hermes Corp-Solutions has closed an EGP 500 mn bond issuance that the company said is the first component of a \u201cwider EGP 3 bn bond program\u201d for the leasing and factoring player. EFG Hermes investment banking division announced the close of the transaction in a statement (pdf) out yesterday.What\u2026","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/6\/157.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":549985,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/10\/more-securitized-debt-coming\/","url_meta":{"origin":548486,"position":4},"title":"More securitized debt coming","author":"enterpriseam admin","date":"10 October 2022","format":false,"excerpt":"MNHD to tap securitization market before end of 1H 2023: EGX-listed Madinet Nasr Housing and Development (MNHD) is looking to take the second issuance of its three-year, EGP 3 bn securitization program to market before the end of 1H 2023, MNHD CEO Abdallah Sallam told Bloomberg Asharq (watch, runtime: 1:35).\u2026","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/10\/174.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":543833,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/21\/misr-italia-issues-egp-794-mn-securitized-bond-raya-eyes-egp-2-bn-securitization-this-year\/","url_meta":{"origin":548486,"position":5},"title":"Misr Italia issues EGP 794 mn securitized bond + Raya eyes EGP 2 bn securitization this year","author":"enterpriseam admin","date":"21 February 2022","format":false,"excerpt":"Misr Italia Properties has closed its first EGP 794 mn issuance as part of an EGP 2.5 bn securitization program, according to a statement (pdf) yesterday from EFG Hermes, which advised on the transaction. The bond is backed by a receivables portfolio of around EGP 1 bn by two of\u2026","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/291.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/548486","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=548486"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/548486\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/548475"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/548487"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=548486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=548486"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=548486"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=548486"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=548486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}