{"id":640421,"date":"2024-08-26T00:00:00","date_gmt":"2024-08-26T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/26\/valu-closes-first-egp-1-1-bn-securitized-bond-issuance-under-new-egp-16-bn-program\/"},"modified":"2024-08-26T00:00:00","modified_gmt":"2024-08-26T00:00:00","slug":"valu-closes-first-egp-1-1-bn-securitized-bond-issuance-under-new-egp-16-bn-program","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/26\/valu-closes-first-egp-1-1-bn-securitized-bond-issuance-under-new-egp-16-bn-program\/","title":{"rendered":"Valu closes first EGP 1.1 bn securitized bond issuance under new EGP 16 bn program"},"content":{"rendered":"

Valu takes another batch of securitized bonds to market: <\/strong>Homegrown fintech leader Valu has raised EGP 1.1 bn in a securitized bond issuance, according to a statement (pdf)<\/a> from the company. Backed by a receivables portfolio, the bond came in two tranches with tenors of six and 12-months with ratings of Prime 1 and Prime 2.<\/p>\n

(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n

A fresh securitization program:<\/strong> The issuance is the first under a newly approved EGP 16 bn securitization program. This is Valu\u2019s 11th securitized bond issuance and follows an EGP 1.2 bn issuance last month<\/a>.<\/p>\n

Who bought in?<\/strong> EFG Hermes and the Arab African International Bank were underwriters and Bank ABC was among those who subscribed to the issuance.<\/p>\n

Advisors:<\/strong> EFG Hermes was the sole financial advisor, transaction manager, bookrunner, and arranger on the issuance. AAIB also served as the custodian bank. Dreny & Partners was legal counsel, while Baker Tilly served as the auditor. <\/p>\n

DATA POINT- <\/strong>The transaction brings the total value of securitized bonds issued in Egypt so far this year to EGP 18.5 bn, according to data tracked by Enterprise. This is around 40% of the EGP 46.0 bn raised in the same period last year.<\/p>\n","protected":false},"excerpt":{"rendered":"

This is Valu\u2019s 11th securitized bond issuance<\/p>\n","protected":false},"author":1,"featured_media":640422,"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":[7106,88,72,85,515],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-640421","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-debt","tag-debt-watch","tag-enterpriseam","tag-securitization","tag-valu","wpautop","entry"],"acf":{"mongo_id":"e25e2321-b340-4dfe-ba57-f75e92873d06","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/2172.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Valu closes first EGP 1.1 bn securitized bond issuance under new EGP 16 bn program","related_issue":[640408],"teaser":"This is Valu\u2019s 11th securitized bond issuance","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/8\/.d9d1c35c-58d8-458b-911c-762b5a0bd5b5.mp3"},"yoast_head":"\nValu closes first EGP 1.1 bn securitized bond issuance under new EGP 16 bn program - 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\/2024\/08\/26\/valu-closes-first-egp-1-1-bn-securitized-bond-issuance-under-new-egp-16-bn-program\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Valu closes first EGP 1.1 bn securitized bond issuance under new EGP 16 bn program\" \/>\n<meta property=\"og:description\" content=\"This is Valu\u2019s 11th securitized bond issuance\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/26\/valu-closes-first-egp-1-1-bn-securitized-bond-issuance-under-new-egp-16-bn-program\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-26T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2172.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\/2024\/08\/26\/valu-closes-first-egp-1-1-bn-securitized-bond-issuance-under-new-egp-16-bn-program\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/26\/valu-closes-first-egp-1-1-bn-securitized-bond-issuance-under-new-egp-16-bn-program\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Valu closes first EGP 1.1 bn securitized bond issuance under new EGP 16 bn program\",\"datePublished\":\"2024-08-26T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/26\/valu-closes-first-egp-1-1-bn-securitized-bond-issuance-under-new-egp-16-bn-program\/\"},\"wordCount\":222,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/26\/valu-closes-first-egp-1-1-bn-securitized-bond-issuance-under-new-egp-16-bn-program\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2172.jpg?fit=%2C&ssl=1\",\"keywords\":[\"debt\",\"debt watch\",\"EnterpriseAM\",\"securitization\",\"ValU\"],\"articleSection\":[\"DEBT WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/26\/valu-closes-first-egp-1-1-bn-securitized-bond-issuance-under-new-egp-16-bn-program\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/26\/valu-closes-first-egp-1-1-bn-securitized-bond-issuance-under-new-egp-16-bn-program\/\",\"name\":\"Valu closes first EGP 1.1 bn securitized bond issuance under new EGP 16 bn program - 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WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1646.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":548707,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/18\/valu-closes-its-second-securitized-bond-issuance\/","url_meta":{"origin":640421,"position":5},"title":"valU closes its second securitized bond issuance","author":"enterpriseam admin","date":"18 August 2022","format":false,"excerpt":"valU just closed its second securitized bond issuance in less than a year: EFG 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 "DEBT WATCH"","block_context":{"text":"DEBT 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