EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA), announced today that its investment banking division’s Debt Capital Markets team has completed its advisory role on Premium’s EGP 239 million securitized bond issuance. The transaction marks Premium’s 11th securitization issuance and the first issuance under the 14th securitization program of EFG Hermes for Securitization.
The issuance is backed by a receivables portfolio assigned to EFG Hermes for Securitization, which acted as the transaction’s special purpose vehicle (SPV). The bond has a tenor of 36 months and is structured into two fixed-rate tranches:
Tranche A – Valued at EGP 66.9 million, with a 12-month tenor and a credit rating of P1.
Tranche B – Valued at EGP 172.1 million, with a 36-month tenor and a credit rating of A.
The transaction adds to EFG Hermes’ continued activity in Egypt’s debt capital markets, where securitization remains an important funding tool for businesses seeking to diversify their financing sources and unlock liquidity from receivables portfolios. Through its advisory, structuring, and execution capabilities, EFG Hermes continues to support issuers in accessing market-based funding solutions that are aligned with investor demand and evolving market conditions.
Commenting on the transaction, Maie Hamdy, Managing Director, Debt Capital Markets at EFG Hermes, said: “We are pleased to continue our partnership with Premium through the successful close of its 11th securitization issuance and the first issuance under the 14th securitization program of EFG Hermes for Securitization. The issuance reflects continued demand for well-structured debt instruments backed by quality receivables. Our focus remains on advising clients on practical financing solutions that support their funding needs, while contributing to the depth and development of Egypt’s debt capital markets.”
EFG Hermes acted as sole financial advisor and sole transaction manager, as well as book-runner, underwriter, and arranger on the transaction. EG Bank served as underwriter and placement agent, while Arab African International Bank (AAIB) acted as custodian. Dreny & Partners acted as legal advisor, and KPMG served as auditor.
