Egypt's MNT-Halan sells $50mln in local corporate bonds
Egyptian microfinance lending and payments company MNT-Halan sold 2.5 billion Egyptian pounds ($49.4 million) in corporate bonds to finance further growth of its Egyptian loan book, it said in a statement on Monday.
The bonds were sold to institutional lenders, the company added.
MNT-Halan, Egypt's first unicorn, or privately held venture capital company worth more than $1 billion, expanded outside Egypt last year with the purchase of Turkish micro-leasing company Tam Finans.
The company says it has disbursed more than $11 billion in loans both inside and outside of Egypt.
($1 = 50.6300 Egyptian pounds)
(Reporting by Patrick Werr Editing by Tomasz Janowski)
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