Dreny & Partners announced the completion of the 1st bond issuance for EFG Hermes Corp-Solutions (EFGCS) worth EGP 500m, as part of a multi-issuances programme up to EGP 3bn. 

Dreny & Partners acted as the legal advisor for the transaction, EFG Hermes investment banking unit acted as the issuance lead arranger and financial advisor. 

Commenting on this landmark issuance, Associate Sherine El Menyawy said: “We are very pleased with the success of the first bond issuance for the EFGCS, as we value our long business relationship with EFG Hermes, where we always team up to reach successful closings through providing valuable services.” 

Motaz El Dreny, the Managing Partner of Dreny & Partners, commented: “We are extremely delighted to be part of such a successful transaction while working alongside a proficient team.” 

He added: “I would like to extend my utmost gratitude to my amazing team for their hard work and continuous dedication. It is always determined to offer exceptional value service to our partners, and to dominate the capital market field. We are looking forward to more forthcoming accomplishments.”

This transaction was led by Managing Partner Motaz El Dreny, Associate Sherine El Menyawy, and Associate Abdelrehim Ashraf.