Arab Finance: Aman Holding, a subsidiary of Raya Holding for Financial Investments, completed the sixth and seventh issuances of the securitization bond program for Aman Securitization in December 2024, with a total value of EGP 2.5 billion, according to a bourse disclosure.

The issuance was issued into five tranches with varied maturity periods ranging from short to medium term.

The first issuance closed at EGP 1.417 billion, secured by a microfinance portfolio through Aman Microfinance.

Secured by a consumer finance portfolio through Aman Consumer Finance, the second issuance was valued at EGP 1.08 billion.

CI Capital and Al Ahly Pharos acted as the co-lead-arrangers and lead coordinators for the bond issuance, while Zaki Hashem & Partners (ZH&P) acted as legal auditors and advisors.

United for Auditing, Taxation, Advisory, and Financial Services (UHY-Egypt) served as the independent financial auditor.

Meanwhile, the credit rating for the issuance has been undertaken by Middle East Rating & Investors Service (MERIS), the regional Moody's Investor Services affiliate.

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