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Clyde & Co says its associated Cairo firm advised on Awaed’s EGP1.77 billion issuance
Clyde & Co said its associated firm Barakat, Maher & Partners advised Awaed Real Estate Investment Fund on its second issuance, a private placement to qualified investors. The firm said the EGP1.77 billion offering was fully subscribed, with its Cairo capital markets team handling the mandate.
Key points
- Clyde & Co said the issuance comprised 17,728,114 certificates.Clyde & Co
- The firm said each certificate had a nominal value of EGP100.Clyde & Co
- Clyde & Co said final Financial Regulatory Authority approval came on October 4.Clyde & Co
- The firm said the entire offering was subscribed on its first day.Clyde & Co