Eleqtisade News
  • Home
  • Economy
    • Economy of Egypt
  • Banks
  • Stock Exchange
  • Tech
  • Social responsibility
  • More
    • Real Estate
    • Industry and investment
    • Cars and transportation
    • Energy
    • Know your bank
    • Markets
    • Opinion writers
    • Tourism & Aviation
    • video
  • English
    • العربية
    • English
05/06/2025 - 10:14 pm
No Result
View All Result
  • Home
  • Economy
    • Economy of Egypt
  • Banks
  • Stock Exchange
  • Tech
  • Social responsibility
  • More
    • Real Estate
    • Industry and investment
    • Cars and transportation
    • Energy
    • Know your bank
    • Markets
    • Opinion writers
    • Tourism & Aviation
    • video
  • English
    • العربية
    • English
No Result
View All Result
Eleqtisade News
No Result
View All Result
  • Home
  • Economy
  • Banks
  • Stock Exchange
  • Tech
  • Social responsibility
  • More
  • English

EFG Hermes Concludes Advisory on valU’s Fourth Issuance in a Securitized Bond Offering Worth EGP 856.5 million

مي حمدي، المدير التنفيذي لقسم أسواق الدين بقطاع الترويج وتغطية الاكتتاب بشركة إي اف چي هيرميس

مي حمدي، المدير التنفيذي لقسم أسواق الدين بقطاع الترويج وتغطية الاكتتاب بشركة إي اف چي هيرميس

  • 21/03/2023 - 1:28 pm
  • write : Ali
  • Stock Exchange, Tech

Font size

A A
Share on FacebookShare on Twitter

valU’s fourth issuance, which comes as part of a wider approved and recently extended EGP 4.0 billion program, is a fundamental element to the fintech player’s strategy to expand its operational footprint and bring to market a holistic suite of consumer finance and fintech offerings

EFG Hermes, the leading investment bank franchise in Frontier and Emerging Markets (FEM), announced today that its investment banking division successfully closed valU’s — MENA’s leading lifestyle enabling fintech platform — fourth securitized bond issuance. The transaction, worth EGP 856.5 million, comes as part of a wider approved and recently extended EGP 4.0 billion program.

The bond is backed by a receivables portfolio, assigned to EFG Hermes for Securitization, the issuance’s Special Purpose Vehicle (SPV). It is comprised of a single tranche, with a Prime 1 (sf ) rating and a 12-month tenor.

Commenting on the issuance, Maie Hamdy, Managing Director – Debt Capital Markets at EFG Hermes said, “We are delighted to be seeing our very own valU make headlines in the market as it concludes its fourth securitization issuance, and to be playing such a vital role in helping valU’s management bring the company one step closer to achieving its expansion goals and growing its presence and offering in the consumer finance and fintech spaces. Our mission remains the same — to support our clients looking to raise capital with versatile funding streams, while unlocking value-accretive investment prospects for local and global investors that enable them to diversify their portfolios and generate superior returns.”

Shokry Bidair, CFO of valU also commented on the issuance saying, “We are pleased to be closing our fourth securitized bond issuance today. This issuance, and the three issuances prior, are testament to the confidence investors have in valU and its business model, as well as the tremendous growth valU has achieved across its operational footprint since its inception in 2017. Working with EFG Hermes perfectly positions us to continue growing our partner network and breaking ground in more key sectors in Egypt, and to maintain our position as the leading provider of comprehensive and inclusive financial solutions in Egypt and the MENA region at large.”

valU’s fourth securitization issuance comes as part of a series of several back-to-back securitizations the Firm has successfully closed in the debt capital market space.

The investment banking division recently concluded advisory on Bedaya Mortgage Finance’s second, EGP 958 million securitization issuance, the EGP 638 million securitization issuance for Palm Hills Development (PHD), the second, 805.5 million issuance for Madinet Nasr for Housing and Development (MNHD), and Al Taamir Mortgage Finance – Al Oula’s first securitization issuance worth EGP 998.5 million. The division also concluded advisory on the second, EGP 986 million issuance for Misr Italia Properties, and the first future flow securitized bond offering worth EGP 800 million for CIRA Education.

EFG Hermes acted as sole financial advisor, sole transaction manager and book-runner, underwriter, and arranger on the issuance. Arab African International Bank (AAIB) acted as an underwriter, in addition, Arab Banking Cooperation (ABC) and aiBANK were subscribers. AAIB also acted as custodian bank on the issuance. KPMG was the auditor and Arab Legal Consultants was the legal advisor.

Tags: EFG Hermesinvestment banklifestylemarketvalU

Short link:

RelatedPosts

Related Posts

إي اف چي هيرميس تطلق مؤتمرها السنوي التاسع عشر للاستثمار
Home

EFG Hermes Kicks Off 19th Annual One-on-One Investor Conference

إي اف چي هيرميس تتمم خدماتها الاستشارية لصفقة الطرح العام الأولي لشركة «ألفا داتا»
Home

EFG Hermes Completes Advisory on USD 163 Million IPO of Alpha Data on the Abu Dhabi Securities Exchange

إي اف چي هيرميس توقع شراكة استراتيجية مع كيدزانيا القاهرة
Home

EFG Hermes Partners with KidZania Cairo

إي اف چي هيرميس تحصد المركز الأول بأسواق رأس المال بالشرق الأوسط وشمال إفريقيا
Home

EFG Hermes Secures #1 Position in MENA Equity Capital Markets for 2024

إي اف چي هيرميس تتم صفقة الطرح العام الأولي لمجموعة الموسى الصحية في تداول السعودية
Home

EFG Hermes Completes Advisory on USD 449 Million IPO of Almoosa Healthcare Company on the Saudi Exchange

هيرميس تغلق توريق بقيمة 1,78 مليار جنيه لصالح «بداية للتمويل العقاري»
Home

EFG Hermes Closes EGP 1.78 Billion Securitization Deal for Bedaya Mortgage Finance

Next Post
Beyti Inks an MoU with EBRD to Promote Gender Equality Across All its Operations in Egypt

Beyti Inks an MoU with EBRD to Promote Gender Equality Across All its Operations in Egypt

About Eleqtisade News

Eleqtisade News website is concerned with all economic affairs at the local level in various sectors, including banks, the stock market, investment, real estate, cars, communications, markets, tourism, energy, transportation, navigation, insurance, and others.

Categories

  • Banks
  • Cars and transportation
  • Economy of Egypt
  • Energy
  • External economy
  • Home
  • Industry and investment
  • Markets
  • Opinion writers
  • Real Estate
  • Social responsibility
  • Stock Exchange
  • Tech
  • Tourism & Aviation
All rights reserved 2024 © Eleqtisade News . Powered by 
  • About
  • Advertise
  • Careers
  • Contact
  • Editorial Board
  • Homepage
wpChatIcon
wpChatIcon
No Result
View All Result
  • Home
  • Economy
    • Economy of Egypt
  • Banks
  • Stock Exchange
  • Tech
  • Social responsibility
  • More
    • Real Estate
    • Industry and investment
    • Cars and transportation
    • Energy
    • Know your bank
    • Markets
    • Opinion writers
    • Tourism & Aviation
    • video
  • English
    • العربية
    • English

All rights reserved 2024 © Al-Iqtisadi News. Powered by