The firm was also named Best Debt Bank in Africa by the publication’s ranking of the World’s Best Investment Banks in 2021.
The recognition highlights EFG Hermes’ unrivaled frontier market offering, just four years since expanding its reach beyond its core MENA markets.
The Firm’s achievements in the FEM space during the year ranged from top rankings in key markets to landmark investment banking transactions.
In 2020, EFG Hermes ranked first on the Nairobi Securities Exchange and first in Pakistan by market share of international financial institutions trading the Pakistan Stock Exchange, and second by value traded on the Nigerian Stock Exchange; highlighting the strides made in newly entered markets.
The firm’s Investment Banking division successfully completed advisory to Pakistan’s United Bank Limited (UBL) on the sale of the assets and liabilities of its Tanzanian subsidiary, UBL Tanzania (UBLT) to Exim Bank Tanzania Limited. The UBL advisory is EFG Hermes’ first cross-border M&A transaction in East Africa since entering the Kenyan market in 2017 as launching pad into the region.
“To receive these prestigious accolades speaks volumes as to how hard the team has worked, not only to enter these markets, but to gain the kind of foothold we have in just four years. This recognition isa testament to our unique footprint in these compelling markets in which we provide clients with unrivaled on-ground access to all markets across the FEM universe,” said Ali Khalpey, CEO of EFG Hermes Frontier.
2020 was a landmark year for the Firm’s Investment Banking team, which closed a record 24transactions valued at USD 1.7 billion during the year, 14of which were in the debt capital market space alone.
The division closed two Sukuk deals in 2020 worth USD 165million, five securitization transactions worth USD 139million, and sixdebt arrangements worth USD 422million as part of its drive to build its debt franchise across numerous industries.
In April 2020, the Firm acted as sole financial advisor, sole lead arranger, sole bookrunner, and sole underwriter for an EGP 2 billion Sukuk issuance for TMG Holding, Egypt’s first ever corporate Sukuk issuance. The Firm also acted as financial advisor, MLA, and underwriter on the USD 10.9 million second issuance and USD 10.1 million third issuance of Premium International for Credit Services securitization program. It closed the fourth, EGP 170 million issuance in January 2021.
“We’re incredibly proud of the strides the Investment Banking team has taken this year to diversify our service offering, not only to […]
