Premium International for credit services
EFG Hermes clarified that this comes as part of Premium International two-year program to issue LE 2 billion ($162 million), in securitisation bonds.
Premium International for Credit Services announced Sunday the closing of Egypt’s first short-term securitization transaction, worth LE 167 million backed by a portfolio of consumer card receivables in the total value of LE 184 million.
Omran added that the authority offers a 50-percent discount on examining and studying green bond issuance to encourage organizations and investors to invest in it.
Omran clarified during a conference to announce the issuance of the first short-term securitization for payment of Premium Card that the biggest challenge is offering green bonds.
Omran added Wednesday that, as a part of this program, FRA agreed to issue two short-term securitization bonds for Premium International for credit services.