{"id":585196,"date":"2023-04-12T00:00:00","date_gmt":"2023-04-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/12\/efg-hermes-closes-short-term-note-issuance-for-hermes-securities-brokerage\/"},"modified":"2023-04-12T00:00:00","modified_gmt":"2023-04-12T00:00:00","slug":"efg-hermes-closes-short-term-note-issuance-for-hermes-securities-brokerage","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/12\/efg-hermes-closes-short-term-note-issuance-for-hermes-securities-brokerage\/","title":{"rendered":"EFG Hermes closes short-term note issuance for Hermes Securities Brokerage"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"><\/span><span style=\"font-weight:700\">EFG Hermes Holding has<\/span><span style=\"font-weight:700\"> issued an EGP 250 mn senior unsecured short-term <\/span><span style=\"font-weight:700\">note <\/span><span>for its subsidi<\/span><span style=\"\">ary Hermes Securities Brokerage (HSB), according to<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/4\/EFG%20HermesxHSBFourthIssuance-English_508.pdf\" style=\"\">a<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/4\/EFG%20HermesxHSBFourthIssuance-English_508.pdf\" style=\"\">company statement (pdf<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/4\/EFG%20HermesxHSBFourthIssuance-English_508.pdf\" style=\"\">)<\/a><\/span><span style=\"\">. <\/span><span style=\"\">This is the fourth issuance for the brokerage and the first in its newly-approved EGP 2 bn two-year program<\/span><span style=\"\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">About the issuance: <\/span><span style=\"font-weight:400;\">The 12-month bullet note will carry a fixed rate coupon paid at the end of the bond, with proceeds aimed at diversifying HSB\u2019s funding sources.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">EFG Hermes recently concluded advisory on several debt issuances<\/span><span style=\"\">,<\/span><span style=\"\">including securitizations for its subsidiary <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bea9a220-6627-4e5a-b0ac-62f4578808fe\" style=\"\">valU<\/a><\/span><span style=\"\">, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0c81f126-c462-4305-b23b-32184b1d833c\" style=\"\">Premium Card<\/a><\/span><span>, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a270c3ce-25bb-49e0-b8a3-a7606541a994\" style=\"\">Bedaya Mortgage Finance<\/a><\/span><span style=\"\">, and Al Oula Mortgage Finance in March.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Advisors:<\/span><span style=\"font-weight:400;\"> EFG Hermes acted as sole financial advisor, sole transaction manager, and bookrunner, underwriter and arranger.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This is the first issuance in the brokerage\u2019s EGP 2 bn two-year program<\/p>\n","protected":false},"author":1,"featured_media":585197,"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":[88,84,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-585196","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-debt-watch","tag-efg-hermes","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"afe923c8-ec66-48dd-b320-2d777b14e93f","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/4\/511.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt\u2019s EFG Hermes closes short-term note issuance for Hermes Securities Brokerage","related_issue":[585187],"teaser":"This is the first issuance in the brokerage\u2019s EGP 2 bn two-year program","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/4\/.87c22fc3-c53b-43b6-bc90-20748aa7e5b9.mp3"},"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 closes short-term note issuance for Hermes Securities Brokerage - 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\/2023\/04\/12\/efg-hermes-closes-short-term-note-issuance-for-hermes-securities-brokerage\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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2024","format":false,"excerpt":"The issuance is the second of a EGP 2 bn program that will run over two years","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\/2024\/3\/11.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":665911,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/26\/hermes-securities-brokerage-closes-egp-900-mn-short-term-note-issuance\/","url_meta":{"origin":585196,"position":1},"title":"Hermes Securities Brokerage closes EGP 900 mn short-term note issuance","author":"enterpriseam admin","date":"26 May 2025","format":false,"excerpt":"The 12-month bond comes with a floating interest rate","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\/2024\/6\/1915.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":553944,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/14\/efg-hermes-subsidiary-closes-third-tranche-of-its-bond-program\/","url_meta":{"origin":585196,"position":2},"title":"EFG Hermes subsidiary closes third tranche of its bond program","author":"enterpriseam admin","date":"14 December 2021","format":false,"excerpt":"Hermes Securities Brokerage (HSB) has closed a EGP 550 mn securitized bond issuance managed by EFG Hermes, according to a company statement(pdf). This is the third tranche in the brokerage\u2019s EGP 2 bn two-year program, and the first it has issued this year. The one-year securities were rated BBB+ with\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":591881,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/19\/egypts-efg-subsidiary-is-first-to-issue-short-term-debt-under-new-fra-framework\/","url_meta":{"origin":585196,"position":3},"title":"Egypt\u2019s EFG subsidiary is first to issue short-term debt under new FRA framework","author":"enterpriseam admin","date":"19 December 2019","format":false,"excerpt":"DEBT WATCH- EFG Hermes subsidiary to end decade-long dry spell for corporate bond issuances: EFG Hermes subsidiary Hermes Securities Brokerage will become the first company tap the debt market by issuing short-term corporate bonds under a new regulatory framework introduced by the Financial Regulatory Authority (FRA) last year, Al Mal\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/7\/efg-hermes-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":626370,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/01\/efg-corp-solutions-issues-egp-433-mn-worth-of-short-term-notes\/","url_meta":{"origin":585196,"position":4},"title":"EFG Corp-Solutions issues EGP 433 mn-worth of short-term notes","author":"enterpriseam admin","date":"1 July 2024","format":false,"excerpt":"EFG Hermes acted as the sole financial advisor, lead arranger, transaction manager, bookrunner, and underwriter","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\/2024\/6\/1915.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":563841,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/26\/efg-hermes-closes-fifth-securitized-bond-sale-for-premium-international\/","url_meta":{"origin":585196,"position":5},"title":"EFG Hermes closes fifth securitized bond sale for Premium International","author":"enterpriseam admin","date":"26 July 2021","format":false,"excerpt":"EFG Hermes closes EGP 211 mn securitized bond issuance for Premium International: EFG Hermes has completed the fifth tranche of Premium International's EGP 2 bn short-term securitized bond program, EFG Hermes said in a statement (pdf). The EGP 211 mn issuance comprises a single 10-month tranche rated \u201cPrime 1 Rating\u201d\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/585196","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=585196"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/585196\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/585187"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/585197"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=585196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=585196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=585196"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=585196"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=585196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}