Valu’s pioneering approach to securitization has been instrumental in its rapid growth
Since launching its first securitized bond issuance in 2021, the company has continually expanded its financial offering.
Valu executed six securitizations this year alone—the 8th through 13th—raising over EGP 4.9 billion.
These achievements highlight the company’s resourceful and agile approach to adopting financial solutions, fueling its rapid growth and helping to redefine financial accessibility and innovation in the fintech space.
The 13th issuance, the third in the EGP 16 billion securitization program, is backed by a receivables portfolio assigned to EFG for securitization, the issuance’s special purpose vehicle (SPV), and is comprised of two tranches:
Tranche A – Valued at EGP 321.9 million, with a 6-month bond, a Prime 1 (sf) rating, and a fixed interest rate.
Tranche B – Valued at EGP 197.3 million, with a 12-month bond, a Prime 2 (sf) rating, and a fixed interest rate.
Shokry Bidair, CFO of Valu, commented, “Surpassing EGP 10.8 billion in securitizations is a testament to Valu’s vision of proactively implementing financial solutions that drive its growth and deliver value to its customers and stakeholders. This remarkable milestone showcases our ability to innovate and scale while maintaining a focus on financial accessibility and inclusion. This year, in particular, has been a turning point for Valu, with over EGP 4.9 billion raised through five successful securitizations. With the completion of our 13th securitization, we take immense pride in the progress we’ve made.
This achievement not only strengthens our financial position but also underscores the trust our partners and stakeholders place in Valu as a leader in fintech. We look forward to continuing our journey of growth and delivering sustainable value to the communities we serve.”
Maie Hamdy, Managing Director – Debt Capital Markets at EFG Hermes, added, “We are proud to deliver yet another successful securitized bond issuance for Valu under its ambitious EGP 16 billion program. This transaction highlights Valu’s robust operational performance and growing leadership in fintech while reinforcing EFG Hermes’ position as the partner of choice for empowering financial solutions. Together, we are driving meaningful progress in financial inclusion and empowering communities across the region.”
EFG Hermes served as the sole financial advisor, transaction manager, bookrunner, underwriter, and arranger on the issuance. Arab African International Bank (AAIB) acted as the custodian bank. Arab Banking Cooperation (ABC), Attijariwafa Bank Egypt, and others were the subscribers to the issuance. Dreny & Partners was the legal advisor, and Baker Tilly was the auditor.
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