ICEC

EFG-Hermes seeks to list corporate bonds on Cairo bourse before year-end

Egypt’s EFG-Hermes is planning to list bonds for two firms on the stock market before the end of the year.

This step aims to revive bond market in Egypt, Mostafa Gad – EFG Hermes’ investment banking director – told Amwal Al Ghad on Wednesday.

EFG-Hermes is currently meeting with special committees in the Egyptian Financial Supervisory Authority (EFSA) in a bid to obtain regulatory approvals needed in order to list the corporate bonds before the end of this year, Gad added.

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