Asset-Backed Instruments

Palm Hills Developments Successfully Closed an EGP 2.015 Billion Securitization Issuance as Part of its EGP 30 Billion Issuance Program

  Palm Hills Developments (PHD), a leading real estate developer in Egypt, and EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA), jointly announced today the successful closing of an EGP 2.015 billion securitized bond issuance. The transaction represents the first issuance under PHD’s newly approved EGP 30 billion securitization…