FRA approves Aman for Financial Services’ EGP 400m bond issuance

gypt’s Financial Regulatory Authority (FRA) granted Aman for Financial Services Company – a subsidiary of Raya Holding Group for Financial Investments, approval to issue bonds worth EGP 400m, sources close to the matter told Daily News Egypt.

The sources expected that the issuance will be completed during the current month, to make new expansions for the company during the first half of this year. long term.

The Commercial International Bank and the National Bank of Egypt will manage and promote the subscription, while Dreny and Partners will play the role of a legal advisor and the UHY will play the role of the financial advisor and auditor, according to sources.

The sources told Daily News Egypt that the volume of securitization issues reached EGP 55bn by the end of 2022, which is scheduled to be announced in the annual harvest of the FRA. The annual harvest is expected to be issued during the current month.