Tranche C \u2013 valued at EGP 212.4 million with a tenor of 69 months and a credit rating of A from MERIS<\/li>\n<\/ul>\n![\"\"](\"http:\/\/sahfy.net\/news\/wp-content\/uploads\/2023\/09\/Maie-Hamdy-MD-DCM-300x297.jpg\")
<\/p>\n
Maie Hamdy, Managing Director – Debt Capital Markets at EFG Hermes,<\/strong> commented: \u201cThe successful completion of the EMRC securitization issuance underscores EFG Hermes’ commitment to driving innovation and progress within the financial market. This achievement not only amplifies our expertise as a financial services leader but also paves the way for transformative advancements in the mortgage landscape. EFG Hermes continues to reinforce its role as a pioneer in Egypt\u2019s debt capital market, advising on an extensive variety of securitization deals in the country and garnering widespread investor interest. We are proud to have been a part of this milestone, supporting growth and innovation in the mortgage industry.\u201d<\/p>\n![\"\"](\"http:\/\/sahfy.net\/news\/wp-content\/uploads\/2023\/09\/Ehab-Abou-Ali-Photo-278x300.jpg\")
<\/p>\n
Commenting on the issuance, Ehab Abou Ali, Managing Director from EMRC<\/strong>, said: \u201cThis milestone marks an important advancement for both EMRC and the primary mortgage market in Egypt. By securitizing portfolios for mortgage companies, we aim to enhance their liquidity, strength capital structure and promote accessibility for homeowners and prospective buyers. This collaboration with EFG Hermes aligns with our mission to facilitate the development of the housing finance sector and will aid us in the realization of our goals and long-term growth strategy.\u201d<\/p>\nThis issuance comes on the heels of EFG Hermes\u2019 successful closing of an EGP 472.5 million securitized bond for Palm Hills Development (PHD), and an EGP 958 million issuance for Bedaya Mortgage Finance. The investment banking division also concluded an EGP 805.5 million issuance for Madinet Masr (previously Madinet Nasr for Housing and Development), Al Taamir Mortgage Finance \u2013 Al Oula\u2019s EGP 998.5 million issuance, Valu\u2019s EGP 856.5 million issuance, as well as an EGP 986 million issuance for Misr Italia Properties.<\/p>\n
EFG Hermes acted as the transaction\u2019s bookrunner, underwriter, and co-financial advisor alongside Al Ahli Pharos. Dreny and Partners acted as the transaction\u2019s legal advisor, while KPMG acted as the auditor. National Bank of Egypt (NBE) and Arab African International Bank (AAIB) acted as the underwriting banks, with AAIB acting as the transaction\u2019s custodian.<\/p>\n","protected":false},"excerpt":{"rendered":"
EFG Hermes, the leading investment bank franchise in Frontier and Emerging Markets (FEM), announced today that its investment banking division successfully concluded advisory on the first issuance for Egyptian Mortgage Refinance Company (EMRC) in a securitized bond offering worth EGP 472 million. This comes as the first issuance in a newly approved EGP 3 billion […]<\/p>\n","protected":false},"author":3,"featured_media":1184,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[91,47,39,83,130,43,15,55],"tags":[1606,1252,1000,1602,1604],"class_list":["post-1182","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-arab-countries-en","category-banks-insurance-en","category-business-economy-en","category-egypt-en","category-featured-en","category-finance-investment-en","category-press-releases","category-real-estate","tag-business-results","tag-efg-hermes","tag-investment","tag-money-markets","tag-mortgage"],"yoast_head":"\n
EFG Hermes issues securitization bonds worth 472 million pounds to the Egyptian Real Estate Refinancing Company - sahfy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sahfy.net\/news\/?p=1182&lang=en\" \/>\n<meta property=\"og:locale\" content=\"ar_AR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EFG Hermes issues securitization bonds worth 472 million pounds to the Egyptian Real Estate Refinancing Company - sahfy\" \/>\n<meta property=\"og:description\" content=\"EFG Hermes, the leading investment bank franchise in Frontier and Emerging Markets (FEM), announced today that its investment banking division successfully concluded advisory on the first issuance for Egyptian Mortgage Refinance Company (EMRC) in a securitized bond offering worth EGP 472 million. 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