Cairo – Mubasher: EFG Hermes, an EFG Holding Company, has closed the issuance of a senior unsecured short-term note for the Hermes Securities Brokerage Company (HSB), a wholly owned subsidiary of EFG Holding.

The EGP 900 million transaction marks the company's sixth issuance and the first in an approved program worth EGP 3 billion, according to a press release.

The long-term senior unsecured entity rating of 'BBB+' with a positive outlook and the short-term senior unsecured issuer rating of 'P2' to HSB have been affirmed by the Middle East Ratings and Investor Services (MERIS). The bond has a 12-month tenor and a variable interest rate.

EFG Hermes acted as the sole financial advisor, transaction manager, book-runner, underwriter, and arranger for the issuance.

Meanwhile, the Commercial International Bank (CIB) served as the placement and subscription bank.

Legal advisory services were provided by Dreny & Partners, while KPMG was appointed as the auditor for the issuance.

Maged El Ayouti, Co-Head of Investment Banking at EFG Hermes, commented: “This 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.”

This transaction marks the latest in a series of debt issuances advised by EFG Hermes in the region, most recently Bedaya’s sixth securitization issuance at EGP 1.64 billion.

The firm also provided advisory on Sylndr’s EGP 300 million working capital facility, in addition to a short-term note valued at EGP 433 million for EFG Corp-Solutions.

EFG Holding recently announced its quarterly financials, recording consolidated net profits valued at EGP 1.55 billion in the first quarter (Q1) of 2025.