Arab Finance: Aman Holding, a portfolio company of Raya Holding for Financial Investments with a 76% ownership stake, has successfully completed a securitized bond issuance on behalf of Aman Securitization, as per a disclosure.
The originator of the issuance was Aman Consumer Finance, with a total value of EGP 928 million.
The bond issuance was structured into three tranches.
The first tranche was valued at EGP 431 million with a tenor of six months, while the second tranche amounted to EGP 306 million and carried a tenor of twelve months.
Both tranches received a Prime 1 credit rating—the highest short-term credit quality—from Middle East Ratings and Investor Services (MERIS).
The third tranche, valued at EGP 191 million with a tenor of twenty-four months, received a long-term credit rating of A- from MERIS.
CI Capital acted as the financial advisor, issuance manager, and arranger for the transaction.
Zaki Hashem & Partners provided legal advisory services, while United for Auditing, Tax, Advisory & Financial Services (UHY) served as the financial auditor of the issuance.