Dreny & Partners with HSB on notes issuance
Dreny & Partners advised EFG Holding securities brokerage arm, Hermes Securities Brokerage (HSB), on its EGP 900 million senior unsecured short-term notes. For HSB, The transaction represents the inaugural issuance of an EGP 3 billion multi-issuance program.
The issuance
The operation encompassed a single tranche of EGP 900 million. EFG Promoting and Underwriting was the sole financial advisor, underwriter and lead arranger, while CIB Egypt acted as book-runner. KPMG – Hazem Hassan acted as the auditor of the issuance.
The Dreny & Partners team
The Dreny & Partners’ capital markets team working on the deal included senior associate Metwally Sweify (pictured left), associate Youssef Bayoumi, and junior associate Farah Younes. Moreover, the firm’s capital markets procedures team featured senior associate and head of capital market procedures department Nagy Mostafa Ebeid (pictured right) and associate Mohamed Youssef.
