{"id":564361,"date":"2021-08-26T13:53:43","date_gmt":"2021-08-26T13:53:43","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/26\/debt-market-welcomes-rayas-aman\/"},"modified":"2021-08-26T13:53:43","modified_gmt":"2021-08-26T13:53:43","slug":"debt-market-welcomes-rayas-aman","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/26\/debt-market-welcomes-rayas-aman\/","title":{"rendered":"Debt market welcomes Raya\u2019s Aman"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>Raya subsidiary Aman completed the issuance of EGP 585 mn in securitized bonds<\/strong>, according to <a href=\"https:\/\/ent.news\/2021\/8\/NBE-CIB-Securitization-PR.pdf\">a statement (pdf)<\/a> from the National Bank of Egypt (NBE), which acted as co-lead manager on the transaction alongside our friends at CIB. While details of the sale were not noted in the statement, Raya CFO Hossam Hussein had reportedly told Al Borsa earlier this year that the sale would be split into tranches with tenors ranging from six months to over five years. Ahmed NourEldin Hassan, Raya\u2019s head of corporate finance and investment, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7863b21d-bcba-40a1-befa-b3e65d93f131\">told us<\/a> at the time that the issuance would be a traditional offering of securitized bonds that receive a credit rating and are taken to market through an SPV.<\/p>\n<p><strong>Advisors:<\/strong> CIB and the National Bank of Egypt were lead managers and promoters for the transaction.<\/p>\n<p><strong>In good company:<\/strong> Aman now joins upmarket developer <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b48e82ec-9602-4999-8ff3-517e4c520c2d\">SODIC<\/a>, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d088db4a-d120-44ba-9c12-818517d3ad1f\">Palm Hills Development<\/a>, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/208afa5b-c11f-4573-97d5-25a0aff01086\">Premium International<\/a> and Arabia Investments Holding subsidiary <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/374240b5-0e79-486e-b585-3dd5251b2555\">Rawaj<\/a> in having sold asset-backed securities this year. Prior to this transaction, firms had issued around EGP 2 bn this year.<\/p>\n<p><strong>Who\u2019s still in the market?<\/strong> <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/09c7d28b-c599-4f89-ac9c-3c606c96d9f6\">Sodic<\/a>, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9ad60923-67ef-4344-b643-49069b7ad286\">Contact Financial Holding<\/a>, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d0c71713-2393-4c73-96e7-3a4499828886\">Edge Holding<\/a>, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4ba368a8-c920-480b-a938-4d6adef4b251\">Tamweel Holdings<\/a> and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ebca392b-370d-49c8-a6f7-42d785742cf7\">NUCA\u2019s Al Taamir for Securitization<\/a> have all reportedly planned to securitize parts of their portfolios in the coming months. The FRA <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7cceca97-24f4-425c-82aa-1f57c286dabb\">said late last year<\/a> that five companies would issue bonds worth EGP 9.3 bn in the near future.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Raya subsidiary Aman completed the issuance of EGP 585 mn in securitized bonds, according to a statement (pdf) from the National Bank of Egypt (NBE), which acted as co-lead manager on the transaction alongside our friends at CIB. While details of the sale were not noted in the statement, Raya CFO Hossam Hussein had reportedly [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":564362,"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":[10044],"tags":[616,240,88,633,614,85],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-564361","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round-debt-watch","tag-aman-financial-services","tag-cib","tag-debt-watch","tag-enterprisepm","tag-raya-holding","tag-securitization","wpautop","entry"],"acf":{"mongo_id":"a3fd792a-1ec8-4398-86fd-ef99cdd2e303","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/8\/533.jpg","photo_position":"above","related_issue":[564357],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Debt market welcomes Raya\u2019s Aman - 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\/26\/debt-market-welcomes-rayas-aman\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Debt market welcomes Raya\u2019s Aman\" \/>\n<meta property=\"og:description\" content=\"Raya subsidiary Aman completed the issuance of EGP 585 mn in securitized bonds, according to a statement (pdf) from the National Bank of Egypt (NBE), which acted as co-lead manager on the transaction alongside our friends at CIB. While details of the sale were not noted in the statement, Raya CFO Hossam Hussein had reportedly [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/26\/debt-market-welcomes-rayas-aman\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-26T13:53:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/533.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/26\/debt-market-welcomes-rayas-aman\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/26\/debt-market-welcomes-rayas-aman\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Debt market welcomes Raya\u2019s Aman\",\"datePublished\":\"2021-08-26T13:53:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/26\/debt-market-welcomes-rayas-aman\/\"},\"wordCount\":233,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/26\/debt-market-welcomes-rayas-aman\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/533.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Aman Financial Services\",\"CIB\",\"debt watch\",\"EnterprisePM\",\"Raya Holding\",\"securitization\"],\"articleSection\":[\"SPEED ROUND: DEBT WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/26\/debt-market-welcomes-rayas-aman\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/26\/debt-market-welcomes-rayas-aman\/\",\"name\":\"Debt market welcomes Raya\u2019s Aman - 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About the issuance: The issuance came in three tranches with tenors of 13,\u2026","rel":"","context":"In &quot;DEBT WATCH&quot;","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":564684,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/21\/rayas-aman-to-tap-securitization-market-in-1q2021\/","url_meta":{"origin":564361,"position":1},"title":"Raya\u2019s Aman to tap securitization market in 1Q2021","author":"enterpriseam admin","date":"21 February 2021","format":false,"excerpt":"Raya subsidiary Aman is planning to take EGP 600 mn in securitized bonds to market before the end of the quarter, Raya\u2019s CFO Hossam Hussein said. The sale will be open to qualified institutional investors, banks, and other financial institutions, and will be split into tranches with tenors ranging from\u2026","rel":"","context":"In &quot;SPEED ROUND: DEBT WATCH&quot;","block_context":{"text":"SPEED ROUND: DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-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":581336,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/08\/rayas-aman-financial-services-to-tap-securitized-market-within-weeks\/","url_meta":{"origin":564361,"position":2},"title":"Raya\u2019s Aman Financial Services to tap securitized market within weeks","author":"enterpriseam admin","date":"8 February 2023","format":false,"excerpt":"The issuance comes to finance the company\u2019s expansion plans for the first half of the year","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/Aman-bonds-1600.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":573132,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/21\/raya-closes-egp-562-mn-securitized-bond-offering\/","url_meta":{"origin":564361,"position":3},"title":"Raya closes EGP 562 mn securitized bond offering","author":"enterpriseam admin","date":"21 July 2020","format":false,"excerpt":"DEBT WATCH- Raya closes EGP 562 mn securitized bond offering: Raya Holding has closed a four-tranche, EGP 562 mn securitized bond sale with a weighted average yield of 10.78% to finance its debt, according to a disclosure to the bourse (pdf). About the issuance: The securities are backed by 124k\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":558597,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/18\/rayas-aman-to-tap-debt-market-this-year\/","url_meta":{"origin":564361,"position":4},"title":"Raya\u2019s Aman to tap debt market this year","author":"enterpriseam admin","date":"18 August 2021","format":false,"excerpt":"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\u2026","rel":"","context":"In &quot;DEBT WATCH&quot;","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":594455,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/30\/raya-signs-off-on-issuing-securitized-bonds-worth-egp-500-mn\/","url_meta":{"origin":564361,"position":5},"title":"Raya signs off on issuing securitized bonds worth EGP 500 mn","author":"enterpriseam admin","date":"30 October 2019","format":false,"excerpt":"Raya issues securitized bonds worth EGP 500 mn: Raya Holding signed yesterday its first securitized bond issuance for its subsidiaries, Raya Electronics, Aman Financial Services, and Aman Microfinance, worth EGP 500 mn, Hapi reports. The issuance was in four tranches, three of which were short-term, with maturities of six, nine\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/2\/194.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\/564361","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=564361"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/564361\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/564357"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/564362"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=564361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=564361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=564361"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=564361"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=564361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}