Al Ahly Pharos Investment Banking, the investment banking arm of National Bank of Egypt (NBE Group), has successfully concluded its advisory role on the second Short-Term Note (STN) issuance of the first program for Global Corp for Financial Services, valued at EGP 1 billion.
Expanding Alternative Financing in Egypt’s Capital Markets
Al Ahly Pharos Global Corp STN deal highlights the investment bank’s primary role as financial advisor, transaction lead arranger, underwriter, and book-runner.
As corporate entities increasingly seek diversified capital-raising structures, this landmark issuance highlights the liquidity and resilience of Egypt’s Debt Capital Markets (DCM).
Leadership Insights on DCM Growth and Financial Advisory
Speaking on the transaction, Ahmed Heider, CEO & Managing Director of Al Ahly Pharos Investment Banking Group, emphasized the transaction’s significance for the market and the firm:
“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 DCM, ECM, and M&A.”
Heider added that the firm continues to support the broader vision of the NBE Group by providing an integrated financial services platform offering both conventional and non-conventional financing structures.
Transaction Structure and Financial Consortium
- Lead Financial Advisor & Lead Arranger: Al Ahly Pharos Investment Banking
- Underwriters: Al Ahly Pharos
- Placement & Payment Agent: Arab African International Bank (AAIB)
- Legal Advisor: Dreny & Partners
- Financial Auditor: Baker Tilly (Mohamed Hilal & Wahid Abdelghaffar)
- Credit Rating Agency: MERIS (Middle East for Credit Rating and Investors Service)
Strong Credit Ratings Confirm Financial Stability
Demonstrating robust creditworthiness and operational stability, MERIS assigned an A- rating to Global Corp for Financial Services as an issuer, while the EGP 1 billion STN issuance itself secured a strong P2 rating.
These credit standings reflect institutional confidence in Global Corp’s financial trajectory and validate the structuring precision provided by Al Ahly Pharos in navigating current market dynamics.
