AUR Leasing, a subsidiary of AUR Capital, plans to issue securitised bonds worth EGP 1.7bn next month. According to Daily News Egypt, the company is preparing the issuance file to apply to the Financial Regulatory Authority and expects to issue the bonds in the second half of next month. Meanwhile, AUR Consumer Finance is expected to complete the issuance of securitised bonds worth EGP 300m this week. Mohammed Farid, Chairperson of the Financial Regulatory Authority, said that there is an increasing interest from various economic entities in the financing formats provided by non-banking financial activities. He stressed the need for continuous improvement and development of the procedures for issuing these instruments, as they play a vital role in financing companies, entities, and public legal persons.

Source: Daily News Egypt October 30, 2023 13:27 UTC