MNT-Halan completes Egypt’s largest corporate bond issuance at EGP 2.5B
Updated 5/6/2025 8:39:00 AM
Arab Finance: MNT-Halan’s business lending vertical has successfully concluded a landmark EGP 2.5 billion corporate bond issuance, according to an emailed press release.
The offering, which marks the largest of its kind in the Egyptian market to date, received an investment grade BBB+ rating from Middle East Ratings and Investor Services (MERIS).
The issuance is divided into two tranches, valued at EGP 2 billion and EGP 500 million, respectively.
The first tranche holds a term of 12 months, while the second issue carries a term of 36 months.
Mounir Nakhla, Founder and CEO of MNT-Halan, commented, "Issuing the largest corporate bond in Egypt marks a significant milestone for MNT-Halan. It reflects not only the ambition and capability of our management team, but also the strength of our financial position and operational performance.”
“More importantly, it opens a strategic new funding channel that we intend to leverage as we continue to scale. It’s been a complex and demanding process, and we’re proud to have delivered it successfully,” Nakhla added.
CI Capital acted as the issuance manager and bookrunner for the transaction, while KPMG Hazem Hassan served as the financial auditor. Matouk Bassiouny & Hennawy acted as the legal advisor.
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