Egypt’s securitisation bond issuance to hit 20 billion pounds year-end: official

By Islam salah On Dec 3, 2019

Mohamed Omran, chairman of the Egyptian Financial Regulatory Authority (FRA)

Egypt’s securitisation bond issuance is to reach 20 billion Egyptian pounds ($1.2 billion) at the end of this year, chairman of Financial Regulatory Authority (FRA) said on Tuesday.

The value of securitisation bonds issued so far this year in Egypt has jumped to 18 billion Egyptian pounds from 5.3 billion pounds in all of 2018, Mohamed Omran said during a news conference.