{"id":559487,"date":"2021-01-24T03:39:05","date_gmt":"2021-01-24T03:39:05","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/24\/rawaj-completes-egp-308-mn-securitization\/"},"modified":"2021-01-24T03:39:05","modified_gmt":"2021-01-24T03:39:05","slug":"rawaj-completes-egp-308-mn-securitization","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/24\/rawaj-completes-egp-308-mn-securitization\/","title":{"rendered":"Rawaj completes EGP 308 mn securitization"},"content":{"rendered":"

Arabia Investments Holding\u2019s (AIH) consumer finance subsidiary Rawaj completed a EGP <\/strong>308 mn securitized bond issuance<\/strong>, AIH said in a bourse filing on Thursday (pdf)<\/a>. The bonds were backed by accounts and notes receivables. The issuance was segmented into three tranches, which were rated AA+, AA, and A by Meris. The sale was arranged and managed by CIB.<\/strong> Rawaj is the latest in a slew of businesses offloading receivables in the country\u2019s hot securitization market, including Sarwa Capital, Palm Hills Development, CI Capital\u2019s Corplease, GB Auto subsidiaries GB Lease and Drive Finance, Amer Group, and Talaat Moustafa Group.<\/p>\n

IN OTHER DEBT NEWS-<\/strong> CI Capital\u2019s consumer finance arm Souhoola is looking to raise a EGP 100 mn line of credit with state banks as part of its efforts to up its portfolio to EGP 300 mn this year, Souhoola Managing Director Hazem Madani tells Al Mal<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Arabia Investments Holding\u2019s (AIH) consumer finance subsidiary Rawaj completed a EGP 308 mn securitized bond issuance, AIH said in a bourse filing on Thursday (pdf). The bonds were backed by accounts and notes receivables. The issuance was segmented into three tranches, which were rated AA+, AA, and A by Meris. The sale was arranged and […]<\/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":[2728,136,88,72,3660],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-559487","post","type-post","status-publish","format-standard","hentry","category-debt-watch","tag-arabia-investments-holding","tag-ci-capital","tag-debt-watch","tag-enterpriseam","tag-rawaj","wpautop","entry"],"acf":{"mongo_id":"374240b5-0e79-486e-b585-3dd5251b2555","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[559472],"teaser":"","voice_url":""},"yoast_head":"\nRawaj completes EGP 308 mn securitization - 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\/01\/24\/rawaj-completes-egp-308-mn-securitization\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rawaj completes EGP 308 mn securitization\" \/>\n<meta property=\"og:description\" content=\"Arabia Investments Holding\u2019s (AIH) consumer finance subsidiary Rawaj completed a EGP 308 mn securitized bond issuance, AIH said in a bourse filing on Thursday (pdf). 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The issuance is awaiting approval from the Financial Regulatory Authority, and should be concluded by the\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":590652,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/30\/egypts-rawaj-finance-closes-egp-295-mn-securitized-bond-sale\/","url_meta":{"origin":559487,"position":1},"title":"Egypt\u2019s Rawaj Finance closes EGP 295 mn securitized bond sale","author":"enterpriseam admin","date":"30 December 2019","format":false,"excerpt":"DEBT WATCH- AIH\u2019s Rawaj closes EGP 295 mn securitized bond sale: ArabiaInvestments Holding (AIH) auto loan-focused subsidiary Rawaj Finance has closed a EGP 295 mn securitized bond issuance through AIH\u2019s securitization SPV, AIH said in a press release (pdf). The proceeds will be used for onlending. CIB and the Arab\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":572352,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/22\/rawaj-to-recall-egp-226-5-mn-of-securitized-bonds-to-benefit-from-falling-interest\/","url_meta":{"origin":559487,"position":2},"title":"Rawaj to recall EGP 226.5 mn of securitized bonds to benefit from falling interest","author":"enterpriseam admin","date":"22 June 2020","format":false,"excerpt":"DEBT WATCH- AIH\u2019s Rawaj to recall EGP 226.5 mn of securitized bonds to benefit from falling interest: Rawaj Finance is planning to recall EGP 226.5 mn of securitized bonds from investors and reissue them at a lower interest rate following the central bank\u2019s 300-bps cut in March, the local press\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":570420,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/31\/corporate-bond-issuers-want-to-extend-their-maturities\/","url_meta":{"origin":559487,"position":3},"title":"Corporate bond issuers want to extend their maturities","author":"enterpriseam admin","date":"31 March 2020","format":false,"excerpt":"DEBT WATCH- Corporate bond issuers want to extend their maturities: A number of players in the securitized bond market have held talks with the Financial Regulatory Authority over negotiating with bondholders to extend maturities for an additional six months after it granted a similar grace period for clients of mortgage\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":562876,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/09\/palm-hills-closes-egp-1-2-bn-securitized-bond-sale\/","url_meta":{"origin":559487,"position":4},"title":"Palm Hills closes EGP 1.2 bn securitized bond sale","author":"enterpriseam admin","date":"9 June 2021","format":false,"excerpt":"Palm Hills Development closed a fresh securitized bond issuance backed by a receivables portfolio of nearly EGP 1.2 bn, according to a press release (pdf). The bonds were issued in four tranches with ratings of AA+, AA, A, and A-.The size of the sale is close to PHD\u2019s record EGP\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":566462,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/21\/efg-tmg-gb-capital-mortgage-arm-bedaya-plans-securitization-before-2021-is-out\/","url_meta":{"origin":559487,"position":5},"title":"EFG, TMG, GB Capital mortgage arm Bedaya plans securitization before 2021 is out","author":"enterpriseam admin","date":"21 June 2021","format":false,"excerpt":"Mortgage provider Bedaya is planning to sell securitized bonds backed by its receivables before the end of the year, EFG Hermes Finance CEO Waleed Hassouna, whose company is a partner in Bedaya, told Al Mal. 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