Qalaa Holdings hires Renaissance Capital to study Funding Options

Egypt’s Qalaa Holdings, African leader in infrastructure and industry, announced Tuesday it hired Renaissance Capital to look into available alternatives to getting international funding.

In a bourse statement released Tuesady, Qalaa added that the alternatives include convertible bonds.

The company is seeking to restructure its financial obligations.

Renaissance Capital is a leading investment banking firm originating from Russia that operates in high-opportunity emerging and frontier markets. It is a top-ranked investment bank for M&A, equity and debt capital markets, as well as securities sales and trading. Renaissance Capital focuses exclusively on emerging markets, including Russia, the Commonwealth of Independent States (CIS), and the frontier markets of MENA and sub-Saharan Africa.