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Valu Secures $13.22 Million in securitized Bond Issuance

Valu completed its EGP 9 billion securitized bond issuance with a $13.22 million issuance. The bond has two tranches: EGP 370.05 million for 6 months at Prime 1 (sf) and EGP 246.7 million for 12 months at Prime 2 (sf) with fixed interest rates.

Valu completed its EGP 9 billion securitized bond issuance with a $13.22 million issuance. The bond has two tranches: EGP 370.05 million for 6 months at Prime 1 (sf) and EGP 246.7 million for 12 months at Prime 2 (sf) with fixed interest rates.

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EFG Hermes was the only financial advisor, transaction manager, bookrunner, underwriter, and arranger, with AAIB as underwriter and custodian.

“We are thrilled to announce the successful completion of our ninth securitized bond offering in partnership with EFG Hermes,” said Shokry Bidair, CFO of Valu. “This latest milestone in our journey is a testament to our unwavering commitment towards driving sustainable financial growth and catering to the evolving needs of our clients.”

Maie Hamdy, Managing Director of Debt Capital Markets at EFG Hermes, commented, “Our team at EFG Hermes is delighted to have contributed to Valu’s ongoing success. This recent deal highlights our commitment to delivering innovative financial solutions and the exceptional synergies within our firm.”

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EFG Hermes was the only financial advisor, transaction manager, bookrunner, underwriter, and arranger. AAIB was underwriter and custodian. ABC and Al Ahli Bank of Kuwait subscribed. Dreny & Partners advised and Baker Tilly audited the deal.

It offers innovative financial products such the BNPL platform ‘U’, the AZ Valu fund, EFG Hermes ONE, Sha2labaz, Akeed, and Ulter. Visa co-branded credit and prepaid cards were launched with the company.

About Valu

Valu is a major universal financial technology company that provides financial services to consumers and organisations.

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