Valu Closes its 14th Securitized Bond Issuance, Worth EGP 463.3 Million

The issuance is the first for Valu in 2025, after successfully closing six in 2024 alone.

Valu, MENA’s leading universal financial technology powerhouse, announced today that it has finalized its 14th securitized bond issuance, worth EGP 463.3 million, with EFG Hermes, an EFG Holding company and the leading Investment Bank in the Middle East and North Africa (MENA). The issuance is the fourth under the newly approved securitization program, which is worth a total of EGP 16.0 billion.

The bond is backed by a receivables portfolio assigned to EFG for Securitization, the issuance’s special purpose vehicle (SPV), with a 12-month bond, a Prime 1 (sf) rating, and a fixed interest rate.

Shokry Bidair, CFO of Valu, commented, “This issuance marks another milestone in our strategic partnership with EFG Hermes as we continue to strengthen our capital structure and fuel our expansion plans. Accessing diversified funding avenues through securitization enables us to further scale our offerings, deliver cutting-edge solutions to our customers, and sustain our leadership position in the fintech space.”

Maie Hamdy, Managing Director – Debt Capital Markets at EFG Hermes, added, “Building on the momentum from last year, where we successfully closed Valu’s 8th to 13th securitizations, this first issuance of 2025 reaffirms our strong track record in executing complex transactions that cater to our clients’ evolving needs. Our continued collaboration with Valu underscores EFG Hermes’ leadership in structuring and delivering strategic financing solutions that support the rapid growth of Egypt’s fintech sector.”

EFG Hermes served as the sole financial advisor, transaction manager, bookrunner, underwriter, and arranger on the issuance. Suez Canal Bank acted as the issuance’s underwriter and placement agent, and Arab African International Bank (AAIB) acted as the custodian bank. Arab Banking Cooperation (ABC) and others were the subscribers to the issuance. Dreny & Partners was the legal advisor, and Baker Tilly was the auditor.