{"id":583897,"date":"2023-03-21T00:00:00","date_gmt":"2023-03-21T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/21\/this-evening-valu-closes-its-fourth-securitized-bond-issuance-happy-mothers-day\/"},"modified":"2023-03-21T00:00:00","modified_gmt":"2023-03-21T00:00:00","slug":"this-evening-valu-closes-its-fourth-securitized-bond-issuance-happy-mothers-day","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/21\/this-evening-valu-closes-its-fourth-securitized-bond-issuance-happy-mothers-day\/","title":{"rendered":"THIS EVENING: valU closes its fourth securitized bond issuance + Happy Mother\u2019s Day"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Good afternoon, ladies and gentlemen<\/span><span style=\"\"> \u2014 and Happy Mother\u2019s Day to all the mothers out<\/span><span style=\"font-weight:400;\"> there. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">THE BIG STORY TODAY<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">valU closes fourth securitized bond issuance:<\/span><span style=\"\"> EFG Hermes\u2019 consumer finance<\/span><span> arm valU has issued EGP 856.5 mn worth of securitized bonds, according to a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/3\/EFG-Hermes-x-valU-Fourth-Securitization-Issuance-English.pdf\" style=\"\">statement (pdf)<\/a><\/span><span style=\"font-weight:400;\">. The issuance is the fourth in valU\u2019s maiden securitization program, which has been topped up to EGP 4 bn, from an original EGP 2 bn. The transaction consists of a single tranche of 12-month bonds that are backed by a receivables portfolio and hold a Prime-1 rating.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">THE BIG STORY ABROAD<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Credit Suisse and the ripples running through the global banking system continue to<\/span><span style=\"font-weight:700\"> lead headlines<\/span><span> in the international business press this afternoon. US Treasury Secretary Janet Yellen is expected to signal the US government is ready to provide further support for smaller US banks, the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ft.com\/content\/fcfaea32-7288-49f8-acb0-84c846b157d9\" style=\"\">Financial Times<\/a><\/span><span> reports. Meanwhile, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.reuters.com\/business\/finance\/switzerlands-secretive-credit-suisse-rescue-rocks-global-finance-2023-03-21\/\" style=\"\">Reuters<\/a><\/span><span> and <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.cnbc.com\/2023\/03\/21\/ubs-credit-suisse-deal-puts-switzerlands-reputation-on-the-line.html\" style=\"\">CNBC<\/a><\/span><span style=\"font-weight:400;\"> are running with commentary on how Credit Suisse\u2019s crisis has affected confidence in global banking, and Switzerland as a banking hub. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">HAPPENING NOW- <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Irrigation Minister Hany Sweilam is in New York for the <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/sdgs.un.org\/conferences\/water2023\" style=\"\">UN 2023 Water Conference<\/a><\/span><span style=\"\">, which<\/span><span> kicks off tomorrow and wraps up on Friday, according to a ministry <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/mwriSpokesman\/posts\/pfbid02Tmyg1sexLzxkyMv3CUdzKdPBo1kiLt9tFoATKnFM2oZsR7hPcfyF6QFfFP1aEQkXl\" style=\"\">statement<\/a><\/span><span>. The conference will review advances made towards the goals of <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.un.org\/sustainabledevelopment\/water-action-decade\/#:~:text=The Decade will commence on,will have devastating global effects.\" style=\"\">Water Action Decade 2018-2028<\/a><\/span><span> and identify ways to eliminate obstacles and accelerate progress, according to the ministry statement. Sweilam has met with Yoko Kamikawa, the Special Envoy of the Japanese prime minister, to discuss water and climate change, and is scheduled to hold many such bilateral meetings on the sidelines of the conference.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">** CATCH UP QUICK<\/span><span style=\"\"> on the top stories from today\u2019s <\/span><span style=\"font-weight:700\">EnterpriseAM<\/span><span style=\"font-weight:400;\">:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:700\">Infinity Power is now Africa\u2019s largest renewables player:<\/span><span> Infinity Power \u2014 a joint venture between our friends at Infinity and UAE renewables player Masdar \u2014 has <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d9df9648-599a-4fa1-a95b-588d22b7ab85\" style=\"\">closed its acquisition<\/a><\/span><span style=\"font-weight:400;\"> of Africa-focused wind power platform Lekela Power.<\/span><\/li>\n<li><span style=\"font-weight:700\">TE stake sale on ice, says Asharq:<\/span><span> The government <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cb8b5ccb-9c0f-4b10-8269-4f08fd28370f\" style=\"\">has postponed plans<\/a><\/span><span style=\"font-weight:400;\"> to sell a stake in national telecoms provider Telecom Egypt (TE) due to market volatility triggered by fears over the global banking sector.<\/span><\/li>\n<li><span style=\"font-weight:700\">Emirates Global Aluminium wants to invest in EgyptAlum via a capital raise:<\/span><span> Emirates Global Aluminium (EGA) <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5399dbfd-9ef8-4351-8cf6-41940a9b7896\" style=\"\">is in early-stage talks<\/a><\/span><span style=\"font-weight:400;\"> with the government to make undisclosed investments in state-owned, EGX-listed Egypt Aluminium (EgyptAlum) through a capital increase. <\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>     <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">? CIRCLE YOUR CALENDAR-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Ramadan is approaching:<\/span><span style=\"\"> Dar Al Ifta will hold <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/twitter.com\/EgyptDarAlIfta\/status\/1638137696882229249\" style=\"\">its traditional moon sighting<\/a><\/span><span style=\"\"> this evening to<\/span><span style=\"font-weight:400;\"> determine whether Ramadan begins tonight or tomorrow evening.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Our next holiday is coming up next month \u2014 and it\u2019s going to be a bunch in a row:<\/span><span style=\"\"> Sham<\/span><span style=\"font-weight:400;\"> El Nessim is on Monday, 17 April, followed by Eid El Fitr, which is expected to land on or around Friday, 21 April. The following Tuesday, 25 April is Sinai Liberation Day, for which we\u2019ll likely have a day off on Thursday, 27 April. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">PSA- Need funding for a green project? You can now apply to the second round of<\/span><span style=\"font-weight:700\"> the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;font-weight:700;\"><a href=\"https:\/\/www.sgg.eg\/\" style=\"\">Smart Green Projects Initiative<\/a><\/span><span style=\"font-weight:700\"> until the end of May<\/span><span>, according to a Planning Ministry <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/MPEDEGYPT\/posts\/pfbid0375YBtTRtbVg6GATmMeemsRG7zf8o8xkL5fvcKmiMASVxzpqHtrnrJ3xfRuzHKxzml\" style=\"\">statement<\/a><\/span><span>. Eligible projects must use technology solutions to address environmental issues, present evidence of feasibility or innovation, and provide a written acknowledgement that no awards have been received during the initiative\u2019s first round, among other requirements. You can view the full list of criteria <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.sgg.eg\/?fbclid=IwAR1GjyqVHMFF4wPCgoMXQAaYMnNHXsTXj6sA_Prw-7XUrSRT_1LVBMfDi4Q#Conditions\" style=\"\">here<\/a><\/span><span> and apply <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.sgg.eg\/Home\/SignUp_EgyGreenInnovation\" style=\"\">here<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">?\ufe0f <\/span><span style=\"font-weight:700\">TOMORROW\u2019S WEATHER- <\/span><span style=\"\">The mercury is rising a little bit tomorrow, but it\u2019s going to be a<\/span><span> mix of sun and clouds. Expect the daytime high to hit 28<\/span><span style=\"font-weight:400;\">\u00b0C, with a nighttime low of 19\u00b0C, our favorite weather app suggests. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good afternoon, ladies and gentlemen \u2014 and Happy Mother\u2019s Day to all the mothers out there. THE BIG STORY TODAY valU closes fourth securitized bond issuance: EFG Hermes\u2019 consumer finance arm valU has issued EGP 856.5 mn worth of securitized bonds, according to a statement (pdf). The issuance is the fourth in valU\u2019s maiden securitization [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":583898,"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":[7213],"tags":[633,85,515,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-583897","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-tonight","tag-enterprisepm","tag-securitization","tag-valu","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"e56b799d-1532-4d16-a14b-92590b8be3dd","order":"0","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2023\/3\/Earnings-counting-money-1600px.jpg","photo_position":"below","homepage_title":"","full_issue_title":"","related_issue":[583895],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/3\/.ca985910-8de9-4d62-a79e-ebd20c25df15.mp3"},"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>THIS EVENING: valU closes its fourth securitized bond issuance + Happy Mother\u2019s Day - 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\/2023\/03\/21\/this-evening-valu-closes-its-fourth-securitized-bond-issuance-happy-mothers-day\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS EVENING: valU closes its fourth securitized bond issuance + Happy Mother\u2019s Day\" \/>\n<meta property=\"og:description\" content=\"Good afternoon, ladies and gentlemen \u2014 and Happy Mother\u2019s Day to all the mothers out there. THE BIG STORY TODAY valU closes fourth securitized bond issuance: EFG Hermes\u2019 consumer finance arm valU has issued EGP 856.5 mn worth of securitized bonds, according to a statement (pdf). The issuance is the fourth in valU\u2019s maiden securitization [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/21\/this-evening-valu-closes-its-fourth-securitized-bond-issuance-happy-mothers-day\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-21T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/Earnings-counting-money-1600px.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=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/21\/this-evening-valu-closes-its-fourth-securitized-bond-issuance-happy-mothers-day\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/21\/this-evening-valu-closes-its-fourth-securitized-bond-issuance-happy-mothers-day\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"THIS EVENING: valU closes its fourth securitized bond issuance + Happy Mother\u2019s Day\",\"datePublished\":\"2023-03-21T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/21\/this-evening-valu-closes-its-fourth-securitized-bond-issuance-happy-mothers-day\/\"},\"wordCount\":624,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/21\/this-evening-valu-closes-its-fourth-securitized-bond-issuance-happy-mothers-day\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/Earnings-counting-money-1600px.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterprisePM\",\"securitization\",\"ValU\",\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"articleSection\":[\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/21\/this-evening-valu-closes-its-fourth-securitized-bond-issuance-happy-mothers-day\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/21\/this-evening-valu-closes-its-fourth-securitized-bond-issuance-happy-mothers-day\/\",\"name\":\"THIS EVENING: valU closes its fourth securitized bond issuance + Happy Mother\u2019s Day - 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THE BIG STORY TODAY valU closes fourth securitized bond issuance: EFG Hermes\u2019 consumer finance arm valU has issued EGP 856.5 mn worth of securitized bonds, according to a statement (pdf). The issuance is the fourth in valU\u2019s maiden securitization [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/21\/this-evening-valu-closes-its-fourth-securitized-bond-issuance-happy-mothers-day\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2023-03-21T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/Earnings-counting-money-1600px.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"3 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