Drive Finance raises EGP 1.5bn through bond issuance to fund expansion

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Drive Finance completed an EGP 1.5 billion bond issuance with a 13-month maturity. The company said the funding will diversify its financing sources, strengthen its capital structure, and support expansion.

Drive Finance, a subsidiary of GB Capital and the non-bank financial services arm of GB Corp, has completed an EGP 1.5bn bond issuance with a maturity of 13 months, the company announced. The issuance is a key pillar of Drive Finance’s strategy to diversify its funding sources, strengthen its capital structure and sustain expansion across […]