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The Egyptian financial group Hermes (EFG Hermes) announced Friday the conclusion of an IPO of £ 125 million ($ 164.1 million) for the international microfinance lender ASA International (ASAI) to the London Stock Exchange (LSE). 19659002] This offer enabled Catalyst Microfinance Investors (CMI), ASAI, to offer 40 million shares, or 40% of ASAI to institutional investors, at GBP 3.13 (4, $ 11)
The Egyptian investment bank played the role of bookkeeper associated with the transaction with Investec, while Citigroup Global Market was the only global coordinator, with Keefe's senior management, Bruyette & Woods (KBW) .
This is an important transaction for EFG Hermes and marks the company's first banking foray into frontier markets after the launch of our early 2017 border strategy, "said Ali Khalpey, CEO of EFG Hermes Frontier based in London In 18 months, EFG Hermes has also penetrated three frontier markets, strengthening its distribution and sales capabilities in New York, London, Pakistan, Kenya and Bangladesh, to cover 95% of the MSCI Emerging & Frontier Markets Index, added Khalpey. 19659002] EFG Hermes began executing its border expansion strategy in early 2017, while it was establishing offices in Pakistan, in Kenya and Bangladesh
In addition, she acquired a license from FCA to operate in the UK, allowing the company to provide a full range of research, brokerage and banking services. 39, investment to a clientele largest number of domestic and international customers
