Back to the complete issue
Wednesday, 22 July 2020

Raya mulls another securitized bond offering, days after EGP 562 mn bond sale

DEBT WATCH- Raya Holding is looking at another potential securitized bond offering around the end of this year or at the beginning of 2021 for three of its subsidiaries — Raya Electronics, Aman Financial Services, and Aman Microfinance, according to the local press. No further details were provided. Raya closed earlier this week a four-tranche, EGP 562 mn securitized bond sale with a weighted average yield of 10.78%.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2020 Enterprise Ventures LLC.