EFG Hermes advises on Amer Group’s EGP 451M securitization issuance

Updated 11/11/2025 3:28:00 PM

Arab Finance: EFG Hermes, an EFG Holding company, has concluded its advisory role on Amer Group’s EGP 451 million securitized bond issuance, as per an emailed press release.

This transaction marks Amer Group’s second securitization and the first under its new EGP 4 billion securitization program.

The bond is backed by a receivables portfolio assigned to EFG Hermes for Securitization, which acted as the special purpose vehicle (SPV) for the issuance.

The bond has a 72-month tenor and consists of three tranches: tranche A, valued at EGP 83.4 million, has a 13-month tenor, fixed interest rate, and an AA+ rating; tranche B, valued at EGP 207.5 million, has a 36-month tenor, fixed interest rate, and an AA rating; and tranche C, valued at EGP 160.1 million, has a 72-month tenor, fixed interest rate, and an A- rating.

EFG Hermes acted as the sole financial advisor, transaction manager, book-runner, underwriter, and arranger for the issuance.

Commercial International Bank (CIB) and Al Baraka Bank served as underwriters, with CIB also taking on the role of custodian.

Industrial Development Bank (IDB) acted as the placement agent bank and was one of the subscribers.

Dreny & Partners served as legal advisor, while KPMG acted as auditor.

Maie Hamdy, Managing Director, Debt Capital Markets at EFG Hermes, commented: “This issuance represents another important milestone in our ongoing partnership with Amer Group and highlights our commitment to supporting Egypt’s leading real estate developers with innovative, tailored debt capital market solutions."

"By structuring the first issuance under Amer Group’s new EGP 4 billion program, we are enabling the company to diversify its funding base and continue pursuing its long-term growth objectives with confidence and financial flexibility,” Hamdy added.