Egypt’s corporate debt market has reached a new milestone after EFG Corp-Solutions, the leasing and factoring subsidiary of EFG Finance, completed a record-breaking bond issuance worth EGP 5.1 billion (approximately $106 million).
The transaction stands as the largest corporate bond offering ever recorded in Egypt, underscoring growing investor appetite for local debt instruments and strengthening the company’s position in the capital markets.
The 13-month issuance carried an A- credit rating and was divided into two separate tranches. One tranche was structured as a fixed-rate instrument with repayment due at maturity, while the second featured a floating-rate structure with quarterly repayments throughout the bond’s tenure.
The offering was arranged and managed by EFG Hermes, which served in multiple capacities, including financial advisor, transaction manager, book-runner, underwriter, and arranger. Bank NXT participated as placement agent, while Dreny & Partners acted as legal counsel and KPMG served as auditor.
Funds raised through the bond sale will be directed toward expanding EFG Corp-Solutions’ leasing and factoring operations, while also supporting the broader growth of 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, reflecting its increasingly active role in Egypt’s evolving corporate financing landscape.
