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%.