{"id":606499,"date":"2023-09-17T00:00:00","date_gmt":"2023-09-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/17\/this-evening-valu-closes-sixth-securitized-bond-issuance-worth-egp-922-3-mn\/"},"modified":"2023-09-17T00:00:00","modified_gmt":"2023-09-17T00:00:00","slug":"this-evening-valu-closes-sixth-securitized-bond-issuance-worth-egp-922-3-mn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/17\/this-evening-valu-closes-sixth-securitized-bond-issuance-worth-egp-922-3-mn\/","title":{"rendered":"THIS EVENING: Valu closes sixth securitized bond issuance worth EGP 922.3 mn"},"content":{"rendered":"

Good afternoon, wonderful people, and happy Sunday. <\/strong> We\u2019re kicking off this week on a relatively calm note. <\/p>\n

THE BIG STORY TODAY <\/strong><\/p>\n

Valu issued EGP 922.3 mn worth of securitized bonds as part of a new EGP <\/strong> 4 bn securitization program<\/strong>, according to a statement (pdf)<\/a>. The single-tranche issuance has a 12-month tenor and a Prime 1 (sf) rating. <\/p>\n

THERE\u2019S JUST ONE DAY TO GO- The Enterprise Finance Forum takes place <\/strong> tomorrow and Tuesday <\/strong> at the St. Regis Hotel on the Nile Corniche. This flagship forum is the latest in our must-attend series of invitation-only events, where CEOs, bankers, investors, founders, and corporate leaders will meet to discuss the trends shaping the future of banking, finance, NBFIs, and fintech \u2014 and of their clients.<\/p>\n

This invitation-only event begins at 8:00am with a standing networking breakfast and will end at 1:20pm both days<\/strong>. <\/p>\n

** Registered attendees will receive their personal QR code today. <\/strong>Please bring this code with you both days to guarantee access to the venue. <\/p>\n

There will be plenty of parking available at the venue <\/strong> for all those attending. <\/p>\n

Tap or click here to view the FULL AGENDA with SPEAKERS.<\/a><\/strong><\/a><\/strong><\/p>\n

What to expect: <\/strong>Join Karim Awad <\/strong> (group <\/font>CEO, EFG Holding), Hazem Moussa <\/strong> (chairman, Contact Financial Holding), Tamer El Emary <\/strong> (group CEO, GB Capital), Todd Wilcox <\/strong> (CEO, HSBC Egypt), Leila Serhan <\/strong> (group country manager and senior vice president for North Africa, Levant and Pakistan, Visa), Pakinam Kafafi <\/strong>(CEO, Taqa Arabia), and many others for talks on everything from investing in uncertain times, to whether NBFIs are a bubble, and what the customers of financial institutions are saying about their bankers behind their backs. <\/p>\n

** We are honored to count some of the region\u2019s most important financial institutions as <\/strong><\/p>\n

our partners for this special event. <\/strong>The Enterprise Finance Forum could not take place without the support of our partners including Banque Misr, Al Baraka Bank, FABMISR, HSBC, Mashreq, Banque du Caire, CI Capital, Global Corp, Visa, Hassan Allam Utilities, the IFC, and Post for Investment. <\/p>\n

<\/a> <\/p>\n

THE BIG STORY ABROAD <\/strong><\/p>\n

There\u2019s no single unifying theme in the international business press this afternoon. <\/strong>Among the stories making the rounds:<\/p>\n