{"id":558597,"date":"2021-08-18T04:11:01","date_gmt":"2021-08-18T04:11:01","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/18\/rayas-aman-to-tap-debt-market-this-year\/"},"modified":"2021-08-18T04:11:01","modified_gmt":"2021-08-18T04:11:01","slug":"rayas-aman-to-tap-debt-market-this-year","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/18\/rayas-aman-to-tap-debt-market-this-year\/","title":{"rendered":"Raya\u2019s Aman to tap debt market this year"},"content":{"rendered":"

<\/a> R<\/strong>aya Holding subsidiary Aman intends to issue EGP 500 mn of <\/strong>securitized bonds<\/a><\/strong> <\/sup>before the end of 2021,<\/strong> a source at Raya told us, confirming a story in Al Mal<\/a>. The bonds will be issued by consumer finance company Aman Financial Services and will be sold by the special purpose vehicle Aman Securitization, which is expected to begin operating in the upcoming few days after finalizing the required legal procedures.<\/p>\n

Aman had previously offered securitized bonds <\/strong>worth at least EGP 562 mn<\/a><\/strong> by three of its subsidiaries, Aman For Financial Services, Aman Microfinance and Raya Electronics. The company had said<\/a> earlier this year that it planned to sell EGP 600 mn in securitized bonds in 1Q2021 to fund its expansion plans.<\/p>\n

Aman is still on track for an IPO<\/strong> that could see its shares debut on the EGX anytime starting late 2021 or 2022, sources told the local press in January<\/a>, a week after the National Bank of Egypt acquired a 24% stake in the company.<\/p>\n

Need a refresher on securitized bonds?<\/strong> We\u2019ve got you covered here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Raya Holding subsidiary Aman intends to issue EGP 500 mn of securitized bonds before the end of 2021, a source at Raya told us, confirming a story in Al Mal. The bonds will be issued by consumer finance company Aman Financial Services and will be sold by the special purpose vehicle Aman Securitization, which is […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7274],"tags":[616,82,88,72,614],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-558597","post","type-post","status-publish","format-standard","hentry","category-debt-watch","tag-aman-financial-services","tag-bonds","tag-debt-watch","tag-enterpriseam","tag-raya-holding","wpautop","entry"],"acf":{"mongo_id":"4feee1f5-02b2-4a71-b9b7-3c652c05fc63","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[558591],"teaser":"","voice_url":""},"yoast_head":"\nRaya\u2019s Aman to tap debt market this year - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/18\/rayas-aman-to-tap-debt-market-this-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Raya\u2019s Aman to tap debt market this year\" \/>\n<meta property=\"og:description\" content=\"Raya Holding subsidiary Aman intends to issue EGP 500 mn of securitized bonds before the end of 2021, a source at Raya told us, confirming a story in Al Mal. 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About the issuance: The issuance came in three tranches with tenors of 13,\u2026","rel":"","context":"In "DEBT WATCH"","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/money-1600-4.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":643970,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/18\/rayas-aman-issues-egp-1-29-bn-in-securitized-bonds\/","url_meta":{"origin":558597,"position":1},"title":"Raya\u2019s Aman issues EGP 1.29 bn in securitized bonds","author":"enterpriseam admin","date":"18 September 2024","format":false,"excerpt":"The issuance is part of a wider EGP 5 bn, three-year securitization program","rel":"","context":"In "DEBT WATCH"","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1362.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":593025,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/14\/raya-to-issue-securitized-bonds-worth-egp-500-mn\/","url_meta":{"origin":558597,"position":2},"title":"Raya to issue securitized bonds worth EGP 500 mn","author":"enterpriseam admin","date":"14 November 2019","format":false,"excerpt":"The Financial Regulatory Authority has signed off on Raya Holding\u2019s plans for its second EGP 497.5 mn securitized bond issuance for its subsidiaries, Raya Electronics, Aman Financial Services, and Aman Microfinance, the company said in a bourse disclosure (pdf). 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CIB and the National Bank of Egypt will manage the securitization process and Dreny & Partners Law Firm will act as\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":674900,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/11\/05\/aman-closes-egp-928-mn-securitized-bond-sale\/","url_meta":{"origin":558597,"position":5},"title":"Aman closes EGP 928 mn securitized bond sale","author":"enterpriseam admin","date":"5 November 2025","format":false,"excerpt":"This marks Aman Group\u2019s eighth securitization","rel":"","context":"In "DEBT WATCH"","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1362.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/558597","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=558597"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/558597\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/558591"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=558597"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=558597"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=558597"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=558597"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=558597"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}