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Sunday, 28 June 2020

Qasatli, EFG Hermes sign contract to issue EGP 1.8 bn securitized bonds for Amer’s Porto and Mansour groups

EFG Hermes and newly set-up mortgage finance company Qasatli have signed an agreement to issue EGP 1.8 bn-worth of five-year securitized bonds for “two of the largest real estate companies in Egypt,” Qasatli said in a statement. Qasatli didn’t name the issuers but Hapi Journal claims that Mansour Amer’s Porto Group and Amer Group are the companies behind the offering.

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