EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa, has successfully closed a short-term bond note issuance for Hermes Securities Brokerage.
The transaction is the first issuance under Hermes Securities Brokerage’s newly established fourth short-term bond program, which has a total size of EGP 10 billion. The program is designed to diversify the company’s funding base and provide scalable financing to support its operating and business requirements.
The bond will be issued as a single 12-month tranche and was covered by institutional and high-net-worth investors, reflecting continued appetite for short-duration fixed-income instruments in the Egyptian market.
This marks Hermes Securities Brokerage’s seventh short-term note issuance. The company has previously completed six commercial paper issuances with an aggregate value of approximately EGP 3.2 billion, establishing a track record in short-term capital markets funding.
Proceeds from the new issuance will be used to support Hermes Securities Brokerage’s operational and business activities, reinforcing its funding flexibility and its position as one of Egypt’s leading brokerage platforms.
Maged El Ayouti, Co-Head of Investment Banking at EFG Hermes, commented on the issuance, stating: “We are proud to continue our longstanding support for Hermes Securities Brokerage (HSB) with the successful closing of its seventh bond issuance, which marks the inaugural tranche of the company’s fourth program. This milestone effectively leverages the unique synergies across EFG Holding’s integrated platform between EFG Hermes and Bank NXT. It stands as a testament to our unwavering commitment to fostering sustainable growth and deepening Egypt’s financial markets. By delivering innovative financing solutions, we continue to attract robust demand from a diversified investor base that extends well beyond traditional commercial banks. As the leading investment bank in the MENA region, EFG Hermes remains dedicated to unlocking strategic investment opportunities for our clients across both debt and equity capital markets.”
Bank NXT acted as the placement agent. EFG Hermes acted as sole financial advisor, sole transaction manager, bookrunner, underwriter, and arranger. Dreny & Partners served as legal advisor, and KPMG acted as the financial auditor.
The transaction reflects EFG Holding’s continued focus on expanding capital market access, developing diversified investment products, and supporting the growth of its subsidiaries through efficient financing structures.