Thndr Claps » EGY Claps » Real Estate 🏡 » EFG & Misr Italia finalize 2nd securitization bond issuance 💰
The ClapEFG Hermes (HRHO) and Misr Italia have finalized the second tranche of their securitization bond issuance for EGP 986mn as part of a wider EGP 2.5bn issuance.
WhatThe issuance aims to bring innovative financing solutions for Misr Italia that will help achieve the company’s objectives.
So WhatA securitized bond combines various debt instruments into one bond, that are then sold to investors & used to finance projects &/or expansion.
Now WhatThe bond will further boost Misr Italia’s activities in creating more accessible residential spaces across Egypt.
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