Valu Closes its 19th Securitized Bond Issuance Worth EGP 735.0 Million

Valu, the leading financial technology company in Egypt, announced today the successful closing of its 19th securitized bond issuance, valued at EGP 735.0 million, with EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA). The transaction marks the third issuance under Valu’s fifth securitization program.

The bond is backed by a receivables portfolio assigned to EFG for Securitization, which acts as the special purpose vehicle (SPV) for the issuance.

The bond has a tenor of 17 months and is structured into two fixed-rate tranches:

• Tranche A: EGP 621.1 million, 12-month bond, rated P1 (sf)

• Tranche B: EGP 113.9 million, 17-month bond, rated A- (sf)

Karim Riad, CFO of Valu, commented: “We are pleased to mark yet another successful milestone in Valu’s growth journey with the closing of our 19th securitization issuance. Our consistent access to capital markets reflects investors’ confidence in Valu’s financial performance and strategic direction as we continue to expand our footprint and drive innovation within Egypt’s fintech sector.”

Maie Hamdy, Managing Director – Debt Capital Markets at EFG Hermes, added: “We’re proud to continue our strategic partnership with Valu through this latest issuance, which highlights the strength and resilience of their business model and the depth of investor trust they’ve cultivated over the years. This deal reinforces EFG Hermes’ leading position in structuring and executing securitization transactions that support high-growth institutions in achieving their long-term financial and strategic objectives.”

EFG Hermes acted as sole financial advisor, sole transaction manager, bookrunner, underwriter, and arranger on the issuance. Arab African International Bank (AAIB) served as underwriter and custodian. Dreny & Partners acted as legal advisor, and Baker Tilly as auditor.