Ultimate magazine theme for WordPress.
هيدر 02
آخر الأخبار
بمناسبه حلول عيد الأضحي .. امورادا تحتفل بسكان الكمبوند وتطرح المرحلة الثانية " امورادا " بارك فيو " خبير التقنية مهندس محمد خليل عبد يحذر من خطورة استخدام كلمة مرور ضعيفة الشركات الرائدة في الشرق الأوسط وشمال أفريقيا تحدد معايير جديدة للابتكار في مجال المسؤولية المجتمعية كازانوفا للتطوير العقاري تستثمر 10 مليارات جنيه في 4 مشروعات عقارية جديدة اتصالات من اى اند مصر تطلق حملة "معاك لآخر الدنيا" لتقديم تجربة سفر استثنائية لعملاء Emerald e& Eg... ڤاليو تبرم اتفاقية شراكة مع مجموعة «ألاميدا للرعاية الصحية» لتوفير باقة من حلول الدفع المرنة للمرضى أورجانون تستعرض جهودها في تعزيز وتحسين صحة المرأة خلال فعاليات "من أجلها أبوظبي للاستثمارات السياحية : انتهاء تجديد وتطوير المرحلة الأولى لفندق موفنبيك شرم الشيخ بتكلفة 2ملي... نتائج أعمال مصر للمقاصة عن عام 2023 تعزز مسيرة نموها التصاعدي ضياء الدين فرج: ارتفاع أسعار الفائدة يلتهم أي انخفاض في أسعار الخامات

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


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.

- Advertisement -

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.