Valu closed a EGP 1 bn securitization issuance as part of its EGP 16.0 bn program, according to a statement (pdf). The 10-month bond is backed by a receivables portfolio, carries a Prime 1 rating, and offers a fixed interest rate.

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Issuance #5: This is the fifth issuance of the current program which began in August 2024, the local fintech firm’s 15th ever securitized bond issuance.

ICYMI- Valu raised EGP 463.3 mn in its fourth securitization issuance of its current program in March.

ADVISORS- EFG Hermes acted as sole financial advisor, transaction manager, bookrunner, underwriter, and arranger. Arab African International Bank was the underwriter and custodian bank, Dreny & Partners provided legal counsel, and Baker Tilly was the auditor.

What they said: “This transaction is a testament to our longstanding and strategic partnership with EFG Hermes. As we continue to scale and diversify our operations, securitization remains a vital component of our funding strategy, enabling us to deliver more innovative financial solutions and reach wider segments of consumers in Egypt and beyond,” CFO Karim Riad said.

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