EFG Hermes, the leading financial services corporation in Frontier Emerging Markets (FEM), announced today that it successfully closed the fourth issuance of Premium International for Credit Services (Premium)’s EGP 2 billion securitization program in a transaction worth EGP 170 million.
EFG Hermes, the leading financial services corporation in frontier emerging markets (FEM), released today its overall brokerage rankings for markets across its four-continent footprint, ranking first for FY2020 in Egypt, Kuwait, Dubai, and Kenya, placing second in Abu Dhabi and Nigeria (by value traded), and securing a third-place spot in Oman as it works to offer clients unparalleled coverage of 12 markets in the MENA region and 75 frontier markets
EFG Hermes Securities Brokerage Tops League Tables Across FEM Footprint, Ranks First in Egypt, Kuwait, Dubai, and Kenya
EFG Hermes, the leading financial services corporation in Frontier Emerging Markets (FEM), announced today the successful closing of the first issuance in an EGP 6.5 billion securitization program for Amer Group, Porto Group, and Qasatli. EFG Hermes acted as sole arranger and financial advisor on the EGP 700 million issuance, which was covered more than one time and is part of a program for a portfolio of receivables worth EGP 911 million from five originators, including Amer Group’s four subsidiaries and mortgage finance company Qasatli.
EFG Hermes, the leading financial services corporation in Frontier Emerging Markets (FEM), announced today that it has successfully concluded an EGP 600 million Sukuk issuance for Cairo for Investment and Real Estate Development (CIRA), one of the largest private educational groups in Egypt.
The second issuance is part of the EGP 2 billion program launched in December 2019, and was 1.3x oversubscribed by a wide group of investors.
CAYESH, a fintech company specialized in serving supply chain stakeholders, and EFG Hermes Corp-Solutions, announced today the signing of a strategic partnership agreement to launch an innovative program enabling suppliers to finance their receivables using CAYESH technology.
Vortex, a European renewable energy platform managed by the private equity arm of EFG Hermes, has entered into a sale and purchase agreement to acquire 100% of a 365 MW operational solar PV power portfolio in the United Kingdom, owned by TerraForm Power.The transaction is valued at an Enterprise Value of c. GBP 470 million and comprises 24 operational assets, representing one of the largest portfolios of solar PV in the United Kingdom. The closing of the transaction is subject to the completion of certain conditions precedents.
EFG Hermes, the leading financial services corporation in frontier emerging markets (FEM), announced today the successful conclusion of its debt advisory to Orascom Development Egypt (ODE), on a new 7 year, USD 265 million financing.
Performance for the period was bolstered by strong performance from EFG Hermes’ Private Equity division as well as the NBFI platform and continued support from the Firm’s capital markets and treasury operations
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