{"id":665911,"date":"2025-05-26T00:00:00","date_gmt":"2025-05-26T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/26\/hermes-securities-brokerage-closes-egp-900-mn-short-term-note-issuance\/"},"modified":"2025-05-26T00:00:00","modified_gmt":"2025-05-26T00:00:00","slug":"hermes-securities-brokerage-closes-egp-900-mn-short-term-note-issuance","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/26\/hermes-securities-brokerage-closes-egp-900-mn-short-term-note-issuance\/","title":{"rendered":"Hermes Securities Brokerage closes EGP 900 mn short-term note issuance"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>EFG Herm<\/strong><strong>es <\/strong><strong>closed a EGP 900 mn senior unsecured short-term note issuance for <\/strong><strong>Hermes Securities <\/strong><strong>Brokerage (HSB)<\/strong>, its wholly owned brokerage arm. The 12-month bond comes with a floating interest rate, and is the sixth issuance by HSB and the first under a newly approved EGP 3 bn program, the investment bank said in <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/2026.pdf\" style=\"\" rel=\"noopener\">a statement (pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>While the note is unsecured, the issuer\u2019s strong credit rating provides reassurance to <\/strong><strong>investors<\/strong>, signaling low risk and supporting market appetite for the transaction. HSB has a long-term senior unsecured rating of BBB+ with a positive outlook and a P2 short-term rating, both affirmed by local ratings agency MERIS.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> The buyers were mainly asset manager funds, and the proceeds are earmarked to finance company operations. Meanwhile, the note\u2019s variable interest rate is benchmarked against the one-year T-bill net of tax. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said:<\/strong> \u201cThis issuance is a testament to our ongoing commitment to fostering sustainable growth within Egypt's financial markets as we continue to deliver innovative financing solutions and attract substantial demand from an investor base in such issuances beyond commercial banks,\u201d said Maged El Ayouti, co-head of investment banking at EFG Hermes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- EFG Hermes <\/strong>played multiple roles on the issuance, acting as the sole financial advisor, transaction manager, bookrunner, underwriter, and arranger. <strong>CIB <\/strong>served as the placement and subscription bank, while counsel was provided by <strong>Dreny & Partners<\/strong>. <strong>KPMG <\/strong>acted as the auditor.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong>bigger <\/strong><strong>picture:<\/strong> The transaction adds to a busy year for EFG Hermes\u2019 debt team. Recent mandates include Bedaya\u2019s sixth securitized issuance (<a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/041538e4-1a82-4466-9f90-501f4ae17eb6\/efg-finance%25e2%2580%2599s%253cmark%253e-bedaya%253c%2Fmark%253e-issues-egp-1.6-bn-in-securitized-bonds\" style=\"\" rel=\"noopener\">EGP 1.6 bn<\/a>), Valu\u2019s (<a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/476ca598-835d-4135-a841-d71967e3236f\/egyptian-fintech-valu-raises-egp-463.3-mn-in-its-first-securitized-bond-issuance-of-the-year\" style=\"\" rel=\"noopener\">EGP 463.3 mn<\/a>) securitization, and Sylndr\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/96368090-57e6-4b1e-91a7-f5088eaa75ef\/auto-market-startup%253cmark%253e-sylndr%253c%2Fmark%253e-secures-egp-370-mn-in-working-capital-financing\" style=\"\" rel=\"noopener\">EGP 370 mn<\/a> working capital facility. EFG also advised on a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/950a69ac-3a9f-447c-a802-da48cafb939d\/%253cmark%253eefg%253c%2Fmark%253e-hermes%253cmark%253e-corp%253c%2Fmark%253e-solutions-issues-egp-450-mn-in-debt\" style=\"\" rel=\"noopener\">EGP 450 mn<\/a> issuance for its leasing and factoring subsidiary EFG Corp-Solutions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 12-month bond comes with a floating interest rate<\/p>\n","protected":false},"author":1,"featured_media":665912,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7106,88,7107,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-665911","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-debt","tag-debt-watch","tag-efg-holding","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"2044b380-30dd-43c6-ac41-bbcbd9ce74f0","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/6\/1915.jpg","photo_position":"above","homepage_title":"","full_issue_title":"EFG Hermes\u2019 brokerage arm closes EGP 900 mn short-term note issuance","related_issue":[665895],"teaser":"The 12-month bond comes with a floating interest rate","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.2d0ee35c-9820-4b24-90ae-916d6b242950.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>Hermes Securities Brokerage closes EGP 900 mn short-term note issuance - 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\/2025\/05\/26\/hermes-securities-brokerage-closes-egp-900-mn-short-term-note-issuance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hermes Securities 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WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/4\/511.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":665911,"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":665911,"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":665911,"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":665911,"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\/665911","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=665911"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/665911\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/665895"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/665912"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=665911"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=665911"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=665911"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=665911"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=665911"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}