Finance & Business EFG Hermes and Misr Italia Properties, second securitization EGP 986 million announced today. EFG Hermes and Misr Italia Properties, second securitization EGP 986 million announced today. By Amit aggarwal 04-01-2023 Howtrending.com By Amit aggarwal 04-01-2023 Howtrending.com
For today the investment company EFG Hermes, and Misr Italia Properties, announced the successful conclusion of the latter’s second securitized bond issuance.
The value of this issuance is around 986 million Egyptian Pounds. There are three parts of the bond, backed by two of Misr Italia Holding’s subsidiaries.
Chain 1 = A value of around 197.20 million Egyptian Pounds, a tenor of 13 months. The three money chains are, The three money chains are,
The credit rating is AA+ from the Middle East Ratings, and Investors Service (MERIS).
Chain 2 = A value of around 428.91 million Egyptian Pounds, a tenor of 36 months. The credit rating is AA from the Middle East Ratings and Investors Service (MERIS).
Chain 3 = A value of around 359.89 million Egyptian Pounds, a tenor of 61 months. The credit rating is A from the Middle East Ratings and Investors Service (MERIS).