AUR Financial Consulting, a subsidiary of AUR Capital for Financial Consultancy, has actually served as the lead supervisor and monetary consultant in a bond issuance offer worth EGP 1.79 bn for AUR Leasing. This is the 2nd issuance under AUR’s very first securitization program.
The offer was performed in cooperation with Al Ahly Pharos, the Arab African International Bank, the Suez Canal Bank, the Dreny and Partners, and KPMG.
The bonds were released in 3 tranches with various maturity durations and credit rankings. The very first tranche totaled up to EGP 318m with a maturity duration of 24 months and a credit score of A+ from the Middle East Credit Rating and Investors Service (MERIS). The 2nd tranche deserved EGP 875m with a maturity duration of 48 months and a credit score of A+. The 3rd tranche totaled up to EGP 597m with a maturity duration of 60 months and a credit ranking of A+.
Ashraf Salman, AUR Capital’s Chairperson, revealed his fulfillment with the effective function played by the group in the issuance of bonds for AUR Leasing and Factoring. He stated that this success shows AUR Capital’s performance history in concluding industrial paper offers and supplying ingenious monetary options to boost the course of financial advancement and establish the leasing and factoring sector. He likewise stated that this offer represents the business’s restored dedication to supporting the non-banking monetary sector in Egypt.
Abdel Aziz El Sherbiny, Group CEO of AUR Capital, highlighted that this is another success for the monetary consulting business, finishing previous issuances in 2023 amounting to EGP 2.914 bn for AUR Leasing and Factoring and EGP 255m for AUR for Medium, Small, and Micro Enterprises Financing (Wasila).
Sahar Suleiman, Managing Director of AUR Leasing, applauded the substantial assistance supplied by the Financial Regulatory Authority. She stressed its vital function in improving the position of financial obligation issuances as a tool for liquidity arrangement and capital cycle funding for business. She likewise verified that the protection of the 3rd issuance for AUR Leasing by banks and financiers shows the financiers’ interest in bonds with prominent credit rankings and the Egyptian market’s capability to soak up more business paper issuances for renting and factoring business.
Sherif Oteifa, CEO of AUR Securitization, kept in mind that this issuance is the 4th given that its facility in March 2023. He stated that the business intends to provide more complementary activities to support AUR Group’s issuance activity, in addition to offering issuance services for business running in the securities market.
Rasha El Husseiny, Head of Equity Division in AUR Capital, revealed her fulfillment with finishing 4 business paper issuances in 2023, amounting to roughly EGP 3.9 bn. She stated that she anticipates more issuances in the coming year.
AUR Capital for Financial Consultancy is a leading business in direct financial investment in the Egyptian market, utilizing over 1,000 workers and handling possessions surpassing EGP 8bn. The group holds numerous licenses in the non-banking monetary sector, consisting of leasing and factoring, task funding, customer funding, monetary consultancy, independent monetary assessment, and securities issuance. The group is close to getting a licence for home mortgage funding and nano loaning, in addition to margin loaning. The group likewise has a monetary innovation arm, AUR FinTech, supplying technological monetary options for payment and collection services incorporated with non-banking monetary services.