EFG Hermes, the leading investment banking franchise in Frontier and Emerging Markets, has joined hands with Misr Italia Properties for the successful closing of the Egyptian developer’s second securitised bond issuance worth E£986 million ($40 million).
EFG Hermes closes key $40m bond for Misr Italia Properties tradearabia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tradearabia.com Daily Mail and Mail on Sunday newspapers.
RIYADH: EFG Hermes Corp-Solutions, the investment banking division of EFG Hermes has successfully closed an 500 million Egyptian pounds ($27 million) bond issuance, a transaction which is part of a wider 3 billion Egyptian pounds bond program, the company said in a statement. The bond, which received a credit rating of “A-“ from Middle East Ratings and Investor Services, has