Cairo – Mubasher: Mortgage finance firm Qasatli signed an agreement to issue five-year securitised bonds worth EGP 1.8 billion with the Egyptian Financial Group Hermes Holding (EFG Hermes).

The securitised bonds will be issued for two of the top real estate companies in Egypt, Qasatli said in a recent statement.

The issuance follows a series of debt issuance and arrangement deals carried out by EFG Hermes, encouraging companies to explore non-banking funding solutions in the current period.