Egypt’s corporate debt market has reached a new milestone after EFG Corp-Solutions completed a record-breaking bond issuance worth EGP 5.1 billion (approximately $106 million), marking the largest corporate bond transaction ever recorded in the country.
The fundraising exercise was carried out through a 13-month bond program backed by an A- credit rating. The issuance was divided into two segments: one featuring a fixed return with principal repayment at maturity, and another structured with a floating rate and quarterly repayment schedule.
The deal underscores growing investor appetite for corporate debt instruments in Egypt and reflects increasing sophistication within the local capital markets.
EFG Hermes played multiple roles in the transaction, serving as the sole financial adviser, arranger, underwriter, transaction manager and book-runner. Bank NXT participated as placement agent, while Dreny & Partners provided legal counsel and KPMG acted as auditor.
Funds raised through the bond sale will be directed toward expanding EFG Corp-Solutions’ leasing and factoring operations, while also supporting broader growth across its financing portfolio.
With the completion of the latest transaction, the company’s cumulative debt capital market issuances have climbed to EGP 16.7 billion, further strengthening its position among Egypt’s most active non-bank financial institutions in the debt market.
