The Middle East Ratings and Investor Services (MERIS) affirmed the national scale long-term senior unsecured entity rating at "BBB+" with a Stable Outlook and the short-term senior unsecured issuer rating of “P2” to HSB. The 12-month bullet note will carry a fixed rate coupon paid at the end of the bond, with proceeds aimed at diversifying HSB’s funding sources.
EFG Hermes concludes advisory on HSB s $8 07mln senior unsecured short-term note issuance zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
EFG Hermes, the leading investment bank franchise in Frontier and Emerging Markets (FEM), announced today that its investment banking division has successfully closed the issuance of a senior unsecured short-term note for the Hermes Securities Brokerage Company (HSB) a wholly owned subsidiary of EFG Hermes Holding in a transaction worth EGP 250 million. This marks the fourth issuance for HSB a
a wholly owned subsidiary of EFG Hermes Holding - in a transaction worth EGP 250 million. This marks the fourth issuance for HSB and the first in a newly approved two-year program worth EGP 2 billion.. | April 11, 2023
EFG Hermes concludes advisory on HSB fourth, EGP 250mln senior unsecured short-term note issuance zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.