Egypt’s Rawaj Finance closes EGP 295 mn securitized bond sale
DEBT WATCH- AIH’s Rawaj closes EGP 295 mn securitized bond sale: Arabia Investments Holding (AIH) auto loan-focused subsidiary Rawaj Finance has closed a EGP 295 mn securitized bond issuance through AIH’s securitization SPV, AIH said in a press release (pdf). The proceeds will be used for onlending. CIB and the Arab African International Bank acted as lead managers, co-underwriters, and financial advisors. Dreny & Partners Law Firm was tapped as legal counsel.