Egyptian consumer finance company Valu is planning between two and three additional securitized bond issues this year. This is part of a new 10 billion Egyptian pound program launched by the company.
By the Numbers
The company is leveraging a significant new securitization program to fuel its operations:
- 10B EGP (~$206.2M): The total value of the new securitization program.
- 2 to 3: The number of additional bond issuances planned for this year.
- 460.7M EGP: The value of the first securitized bond already issued under the new program last week.
- 4th Program: This is Valu’s fourth securitization program.
Part of a New $206M Securitization Program
The planned issuances are part of a new, large-scale securitization program with a total value of 10 billion EGP. Valu, a subsidiary of the publicly-listed EFG Holding, announced last week that it had already issued the first tranche of bonds under this new program, worth 460.7 million EGP.
A Strategy for Continued Growth
Walid Hassouna, CEO of Valu, confirmed the plans for the remainder of the year. “This year, there will definitely be other issuances… at least 2 to 3,” he stated. Hassouna added that the value of each subsequent issuance could range between 400 million EGP and 1.5 billion EGP.
A Key Player in Egypt’s Fintech Scene
Valu is a prominent player in Egypt’s consumer finance market. The company’s ability to launch large-scale securitization programs, backed by its parent company EFG Holding, solidifies its position as a key driver of innovation and growth in the nation’s burgeoning fintech sector.
Source: Zawya
