Al-Ahly Pharos investment banking, the Investment banking arm of National Bank of Egypt, acted as the financial advisor, transaction lead arranger, underwriter and book-runner, for Global Corp for Financial Services’ 2nd STN Issuance of the 1st Program valued at EGP 1 billion issued as one tranche.
Ahmed Heider CEO & Managing Director of Al Ahly Pharos Investment Banking Group quoted “This transaction is a strong testament to the depth and strength of Al Ahly Pharos’ advisory platform and reinforces our strategic vision to drive innovation and broaden accessibility across Egypt’s capital markets. As more corporates actively pursue alternative financing solutions, we remain committed to delivering tailored financial advisory and capital-raising solutions across Debt Capital Markets (DCM), Equity Capital Markets (ECM), and Mergers & Acquisitions (M&A). At Al Ahly Pharos, we offer both conventional and non-conventional financing structures designed to meet our clients’ diverse and evolving needs. We remain steadfast in our commitment to leading the development of innovative capital market instruments while supporting the broader vision of NBE Group to provide a fully integrated financial services platform.”
This transaction was carried out in cooperation with Al Ahly Pharos who acted as the transaction’s underwriters. Whereas Arab African International Bank acted as the placement and payment agent, While Dreny & Partners acted as the legal advisor, BakerTilly (Mohamed Hilal & Wahid Abdelghaffar) acted as the auditor and MERIS “Middle East for Credit Rating and Investors Service”, acted as the credit rating agency for the issue where Global Corp for financial services received a rating of A-, while the issuance itself was got a P2 rating.
