By: Islam Fadl
Cairo – Mubasher: Raya Holding for Financial Investment (Raya Holding) is considering the issuance of securitised bonds worth EGP 600 million, the company’s chief financial officer Hossam Hussein told Mubasher on Thursday.
Raya Holding is expected to issue securitised bonds in April 2020 in collaboration with the Commercial International Bank, the National Bank of Egypt, Banque Misr, and Banque Du Caire, Hussein added.
It is noteworthy that Raya Holding suffered net losses of EGP 58.16 million in the nine-month period ended 30 September 2019, against net profits of EGP 58.6 million in the corresponding period of 2018.
