The Clap:
Beltone borrowed USD 100 million to launch its credit platform for Egyptian exporters and businesses with offshore operations.
Claps Class – Private Credit?
Private credit refers to lending which is: provided by a lender other than a bank. tailored to the borrower’s specific needs.
What:
The platform will offer working capital financing to exporters “of all sizes”, and the platform’s size could increase based on market demand.
So What:
Private credit offers significant benefits by providing long-term financing to firms too large or risky for banks and too small for public bond markets.
A quick refresher:
Beltone Financial Holding is a financial services player with a diversified range of offerings in the investment banking and non banking financial services sector. The firm recently raised EGP 10 billion in one of the EGX’s largest-ever capital increases.
