The issuance is backed by a receivables portfolio originated by two of Misr Italia Holding’s subsidiaries.
EFG Hermes announces that its Investment Banking division successfully closes advisory on the latest EGP 750 mn financing over two tranches in a sale and leaseback package for MARAKEZ, Invest-Gate reports.
EFG Hermes Corp-Solutions announces today that it has signed a sale and leaseback agreement amounting to EGP 600 mn with LMD to finance its all-in-one leisure and business complex 3’Sixty, Invest-Gate reports.
Misr Italia Properties becomes the first non-listed real estate developer to issue securitization through EFG Hermes, Invest-Gate reports.
SODIC for Securitization S.A.E, SODIC’s wholly-owned subsidiary, concludes successfully its first securitization transaction.
UAE-based retail conglomerate Majid Al Futtaim has partnered with EFG Hermes’ fintech arm valU to provide shoppers with monthly installment plans of up to five years through the latter's e-commerce platform.
Orascom Development Egypt (ODE) has sealed a medium-term loan deal worth USD 265 mn (EGP 4.1 bn) to refinance outstanding debt and bankroll growth plans.
EFG Hermes has partnered with newly set-up mortgage finance company Qasatli to issue five-year securitized bonds, worth EGP 1.8 bn.
Egypt’s Madinet Nasr for Housing and Development (MNHD) has clarified that it earlier closed a secrutinized bond issuance on December 19
Talaat Moustafa Group (TMG) Holding CEO Hisham Talaat Moustafa said his company plans to launch EGP 2 bn sukuk program in April, aiming to secure medium-to-long-term financing for its recurring projects
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