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Securitised bonds issuance records EGP24.1bln during 2020 increasing 9 %, Omran
Islam Salah Eslam Abdelhameed Published in Amwal Al Ghad on 20 - 01 - 2021

The value of securitisation bonds issuance was recorded at 24.1bn in 2020 Egyptian pounds, compared to 22.1billion pounds in 2019, Mohamed Omran, Chairperson of the Financial Regulatory Authority (FRA).
Omran's remarks came during an online conference held by EFG Hermes. He added that, despite the economic implications of the novel coronavirus (COVID-19) pandemic, 2020 witnessed a significant 9% increase in the value of securitisation bond issuances.
He added that the value of securitisation bond issuances will be increased by 15 percent during 2021.
Omran added that the volume of liquidity during the coming period will be better than it was in previous situations, which will enhance the Egyptian Exchange's (EGX) positive role in providing basic financing to companies.
He added that the discount on commissions from 51/1000 to 30/1000 had a positive impact on the EGX.

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