Valu, MENA’s leading universal financial technology platform, has successfully completed its 18th securitized bond issuance, raising EGP 1.09 billion. The transaction, managed in collaboration with EFG Hermes, an EFG Holding Company, marks the second issuance under Valu’s recently established EGP 10 billion securitization program, signaling a robust financial strategy and strong investor confidence.
A Breakdown of the Issuance
The EGP 1.09 billion issuance was structured into two tranches, both offering fixed interest rates to investors. This structure is designed to appeal to a range of investor risk appetites while providing Valu with stable, predictable financing.
The first tranche, Tranche A, raised EGP 767.13 million. It carries a 12-month term and has received a high credit rating of (sf)P1, indicating a very strong capacity for timely payment. The second, Tranche B, amounted to EGP 328.77 million, with a longer 18-month term and a credit rating of (sf)A-, reflecting a strong credit quality.
Strategic Financing Momentum
This latest transaction highlights Valu’s consistent and strategic approach to leveraging the debt market for growth capital. It follows closely on the heels of the company’s 17th securitized bond issuance in August, which was the first under the new EGP 10 billion program and successfully raised EGP 460.70 million. The rapid succession of these issuances demonstrates Valu’s ability to consistently tap into capital markets to fuel its expansion and operational needs.
About Valu
Valu is MENA’s leading universal financial technology powerhouse, providing pioneering lifestyle-enabling financial solutions to both individuals and businesses. The company offers a wide array of services including Buy-Now, Pay-Later (BNPL) plans through its U platform, investment products, an instant cash redemption program, and savings solutions through various digital platforms.
Source: Zawya
