{"id":578014,"date":"2022-12-13T04:00:19","date_gmt":"2022-12-13T04:00:19","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/13\/valu-issues-egp-854-5-mn-in-securitized-bonds\/"},"modified":"2022-12-13T04:00:19","modified_gmt":"2022-12-13T04:00:19","slug":"valu-issues-egp-854-5-mn-in-securitized-bonds","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/13\/valu-issues-egp-854-5-mn-in-securitized-bonds\/","title":{"rendered":"valU issues EGP 854.5 mn in securitized bonds"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>v<\/strong><strong>alU<\/strong><strong> closes third securitized bond issuance:<\/strong> EFG Hermes\u2019 consumer finance arm valU has issued EGP 854.5 mn worth of securitized bonds, according to a <a href=\"https:\/\/www.efghermes.com\/en\/newsroom-km\/efg-hermes-concludes-third-issuance-for-valu\">statement<\/a> from our friends at EFG Hermes. The single 12-month tranche is the third in valU\u2019s EGP 2 bn maiden securitization program and holds a Prime-1 rating from Middle East Rating Services (MERIS).<\/p>\n<p><strong>The company has now issued more than 85% of its EGP 2 bn securitization program, <\/strong>which <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d2379b41-d12e-41da-a8aa-0971bc8b04e1\">kicked off<\/a> last year with an EGP 323 mn bond issuance and was followed by a second <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3e676359-bcf4-4b3b-8d5e-a2d1b17cba2e\">EGP 532.6 mn<\/a> issuance earlier this year.<\/p>\n<p><strong>Advisors:<\/strong> EFG Hermes acted as sole financial advisor, sole transaction manager, bookrunner, underwriter, and arranger on the issuance, according to the statement. CIB and the National Bank of Egypt were underwriters and aiBank subscribed to the issuance.<\/p>\n<p><strong>A bumper year for securitizations: <\/strong>The total value of securitized bond issuances brought to market this year now stands at some EGP 45.2 bn, almost triple the EGP 15.8 bn taken to market last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>valU closes third securitized bond issuance: EFG Hermes\u2019 consumer finance arm valU has issued EGP 854.5 mn worth of securitized bonds, according to a statement from our friends at EFG Hermes. The single 12-month tranche is the third in valU\u2019s EGP 2 bn maiden securitization program and holds a Prime-1 rating from Middle East Rating [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":578015,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7274],"tags":[88,84,72,595,85,515],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-578014","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-debt-watch","tag-efg-hermes","tag-enterpriseam","tag-non-banking-financial-services","tag-securitization","tag-valu","wpautop","entry"],"acf":{"mongo_id":"4f46a128-1e03-444d-a189-f8a93086c3c2","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/12\/253.jpg","photo_position":"above","related_issue":[578007],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>valU issues EGP 854.5 mn in securitized bonds - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/13\/valu-issues-egp-854-5-mn-in-securitized-bonds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"valU issues EGP 854.5 mn in securitized bonds\" \/>\n<meta property=\"og:description\" content=\"valU closes third securitized bond issuance: EFG Hermes\u2019 consumer finance arm valU has issued EGP 854.5 mn worth of securitized bonds, according to a statement from our friends at EFG Hermes. The single 12-month tranche is the third in valU\u2019s EGP 2 bn maiden securitization program and holds a Prime-1 rating from Middle East Rating [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/13\/valu-issues-egp-854-5-mn-in-securitized-bonds\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-13T04:00:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/253.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/13\/valu-issues-egp-854-5-mn-in-securitized-bonds\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/13\/valu-issues-egp-854-5-mn-in-securitized-bonds\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"valU issues EGP 854.5 mn in securitized bonds\",\"datePublished\":\"2022-12-13T04:00:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/13\/valu-issues-egp-854-5-mn-in-securitized-bonds\/\"},\"wordCount\":170,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/13\/valu-issues-egp-854-5-mn-in-securitized-bonds\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/253.jpg?fit=%2C&ssl=1\",\"keywords\":[\"debt watch\",\"EFG Hermes\",\"EnterpriseAM\",\"non-banking financial services\",\"securitization\",\"ValU\"],\"articleSection\":[\"DEBT WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/13\/valu-issues-egp-854-5-mn-in-securitized-bonds\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/13\/valu-issues-egp-854-5-mn-in-securitized-bonds\/\",\"name\":\"valU issues EGP 854.5 mn in securitized bonds - 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Hermes\u2019 consumer finance arm valU has issued EGP 532.6 mn of securitized bonds, according to a statement (pdf) by our friends at EFG Hermes.About the issuance: The two 12-month tranches are backed by an EGP 609.1\u2026","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/312.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":583932,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/22\/valu-issues-egp-856-5-mn-in-securitized-bonds\/","url_meta":{"origin":578014,"position":1},"title":"valU issues EGP 856.5 mn in securitized bonds","author":"enterpriseam admin","date":"22 March 2023","format":false,"excerpt":"Total value of securitized debt taken to market is up 5% y-o-y so far this year","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT 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WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1086.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":557305,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/14\/valu-kicks-off-egp-2-bn-securitization-program-fawry-eyes-consumer-finance-space\/","url_meta":{"origin":578014,"position":4},"title":"Valu kicks off EGP 2 bn securitization program + Fawry eyes consumer finance space","author":"enterpriseam admin","date":"14 September 2021","format":false,"excerpt":"EFG Hermes\u2019 consumer finance subsidiary Valu has kicked off its EGP 2 bnsecuritization program with a EGP 323 mn bond issuance, according to astatement (pdf) yesterday from the financial services corporation, whose advisory arm managed the issuance. 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