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Monday, 7 September 2020

Premium Int’l to issue a third securitized bond offering this week

DEBT WATCH- Premium Int’l to issue a third securitized bond offering this week: Consumer finance firm Premium International for Credit Services plans to issue a third tranche of its EGP 2 bn short-term securitized bond program this week, Al Mal reports, citing an unnamed source. The size of the offering has not yet been decided but the source expects it to be worth EGP 200-250 mn, which would make it the company's largest securitized bond sale, having issued EGP 172 mn in April and EGP 169 mn in October 2019.

Advisors: EFG Hermes will act as sole financial adviser and lead manager. Dreny & Partners Law Firm would serve as legal counsel.

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