Latest news with #KarimRiad
Zawya
30-06-2025
- Business
- Zawya
Egypt: Valu closes 16th securitized bond issuance at $17.27mln
Cairo – U Consumer Finance (Valu) has closed its 16th securitized bond issuance, valued at EGP 858.90 million, in collaboration with EFG Hermes, an EFG Holding Company. The issuance marks the sixth under Valu's EGP 16 billion securitization program, according to a press release. The bond is backed by a receivables portfolio assigned to EFG for securitization, which acts as the special purpose vehicle (SPV) for the offering. The issuance holds a tenor of 12 months and is rated Prime 1 (sf), with a fixed interest rate. Valu has officially embarked on securing regulatory approval from the Financial Regulatory Authority (FRA) for its new short-term multi-issuances securitization program. Set to be executed through up to nine issuances, the program will be backed by its portfolios valued at 13 billion for two years. The new program marks a significant milestone in Valu's ambitious growth journey, reinforcing its market leadership and commitment to delivering innovative, market-shaping financial solutions. Karim Riad, CFO of Valu, commented: 'Following our commencement of trading on the Egyptian Exchange (EGX), combined with Amazon's transaction, and as part of our continuous expansion, securitizations remain a vital pillar of our financial strategy, enabling us to unlock greater capital efficiency and accelerate our growth trajectory.' 'By leveraging securitizations, we are diversifying our funding base and driving strategic growth. This latest issuance underscores our commitment to fostering innovation and maintaining our position as the preferred fintech partner in Egypt,' Riad added. EFG Hermes acted as the sole financial advisor, sole transaction manager, bookrunner, underwriter, and arranger on the issuance. Arab African International Bank (AAIB) served as both the underwriter and custodian. Arab Banking Cooperation (ABC) and Industrial Development Bank (IDB) were the subscribers to the issuance. Meanwhile, Dreny & Partners acted as the legal advisor and Baker Tilly as the auditor. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
Tahya Masr
29-06-2025
- Business
- Tahya Masr
Valu Closes its 16th Securitized Bond Issuance, Worth EGP 858.9 Million
Valu, MENA's leading universal financial technology powerhouse, announced today the successful closing of its 16th securitized bond issuance, valued at EGP 858.9 million, in collaboration with EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA). The issuance is the sixth under Valu's EGP 16.0 billion ongoing securitization program. The bond is backed by a receivables portfolio assigned to EFG for Securitization, which acts as the special purpose vehicle (SPV) for the issuance. It is a 12-month bond, rated Prime 1 (sf), and carries a fixed interest rate. Building on this remarkable momentum, Valu has officially embarked on securing regulatory approval from the Financial Regulatory Authority (FRA) for its highly anticipated new short term multi-issuances securitization program, with a total value of EGP 10.0 billion that will be backed by Valu's portfolios amounting to 13.0 billion for two years. Set to be executed through up to nine issuances. The new program marks a significant milestone in Valu's ambitious growth journey, reinforcing its market leadership and commitment to delivering innovative, market-shaping financial solutions. Karim Riad, CFO of Valu, commented, 'Following our commencement of trading on the Egyptian Exchange (EGX), combined with Amazon's transaction, and as part of our continuous expansion, securitizations remain a vital pillar of our financial strategy, enabling us to unlock greater capital efficiency and accelerate our growth trajectory. By leveraging securitizations, we are diversifying our funding base and driving strategic growth. This latest issuance underscores our commitment to fostering innovation and maintaining our position as the preferred fintech partner in Egypt.' Maie Hamdy, Managing Director – Debt Capital Markets at EFG Hermes, added, 'This issuance marks another successful chapter in our long-standing partnership with Valu, reflecting our deep commitment to providing dynamic financing solutions that support Egypt's rapidly evolving fintech landscape. Our ability to consistently structure and close high-impact transactions is a testament to the strength of our capital markets franchise and our client-centric approach . EFG Hermes acted as the sole financial advisor, sole transaction manager, bookrunner, underwriter, and arranger on the issuance. Arab African International Bank (AAIB) served as both the underwriter and custodian. Arab Banking Cooperation (ABC) and Industrial Development Bank (IDB) were the subscribers to the issuance. Dreny & Partners acted as the legal advisor, and Baker Tilly as the auditor.
bnok24
29-06-2025
- Business
- bnok24
Valu Closes its 16th Securitized Bond Issuance, Worth EGP 858.9 Million
Valu, MENA's leading universal financial technology powerhouse, announced today the successful closing of its 16th securitized bond issuance, valued at EGP 858.9 million, in collaboration with EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA). The issuance is the sixth under Valu's EGP 16.0 billion ongoing securitization program The bond is backed by a receivables portfolio assigned to EFG for Securitization, which acts as the special purpose vehicle (SPV) for the issuance. It is a 12-month bond, rated Prime 1 (sf), and carries a fixed interest rate Building on this remarkable momentum, Valu has officially embarked on securing regulatory approval from the Financial Regulatory Authority (FRA) for its highly anticipated new short term multi-issuances securitization program, with a total value of EGP 10.0 billion that will be backed by Valu's portfolios amounting to 13.0 billion for two years. Set to be executed through up to nine issuances. The new program marks a significant milestone in Valu's ambitious growth journey, reinforcing its market leadership and commitment to delivering innovative, market-shaping financial solutions Karim Riad, CFO of Valu, commented, 'Following our commencement of trading on the Egyptian Exchange (EGX), combined with Amazon's transaction, and as part of our continuous expansion, securitizations remain a vital pillar of our financial strategy, enabling us to unlock greater capital efficiency and accelerate our growth trajectory. By leveraging securitizations, we are diversifying our funding base and driving strategic growth. This latest issuance underscores our commitment to fostering innovation and maintaining our position as the preferred fintech partner in Egypt Maie Hamdy, Managing Director – Debt Capital Markets at EFG Hermes, added, 'This issuance marks another successful chapter in our long-standing partnership with Valu, reflecting our deep commitment to providing dynamic financing solutions that support Egypt's rapidly evolving fintech landscape. Our ability to consistently structure and close high-impact transactions is a testament to the strength of our capital markets franchise and our client-centric approach EFG Hermes acted as the sole financial advisor, sole transaction manager, bookrunner, underwriter, and arranger on the issuance. Arab African International Bank (AAIB) served as both the underwriter and custodian. Arab Banking Cooperation (ABC) and Industrial Development Bank (IDB) were the subscribers to the issuance. Dreny & Partners acted as the legal advisor, and Baker Tilly as the auditor Google News تابعونا على تابعونا على تطبيق نبض
Zawya
23-05-2025
- Business
- Zawya
Egypt: Valu finalizes its 15th securitized bond issuance at $20mln
Arab Finance: Valu has concluded its 15th securitized bond issuance at a value of EGP 1.036 billion, with EFG Hermes, an EFG Holding, according to an emailed press release. The issuance brings the total value of Valu's securitizations to EGP 12.3 billion. This marks the fifth issuance under the newly approved securitization program, 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 10-month bond, a Prime 1 (sf) rating, and a fixed interest rate. EFG Hermes served as the sole financial advisor, transaction manager, bookrunner, underwriter, and arranger on the issuance. Meanwhile, Arab African International Bank (AAIB) acted as the underwriter and custodian bank. Dreny & Partners was the legal advisor, and Baker Tilly was the auditor. Karim Riad, CFO of Valu, commented: 'This transaction is a testament to our long-standing and strategic partnership with EFG Hermes. As we continue to scale and diversify our operations, securitization remains a vital component of our funding strategy, enabling us to deliver more innovative financial solutions and reach wider segments of consumers in Egypt and beyond.' Maie Hamdy, Managing Director - Debt Capital Markets at EFG Hermes, said: 'Our fifth issuance under Valu's EGP 16 billion program reflects the deep trust and consistent collaboration between both institutions. This deal highlights our unmatched structuring capabilities and our ability to tailor complex capital market transactions to support the high growth trajectory of fintech pioneers like Valu.' © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
El Fagr
22-05-2025
- Business
- El Fagr
Valu Closes its 15th Securitized Bond Issuance، Worth EGP 1.036 Billion
Valu، MENA's leading universal financial technology powerhouse، announced today that it has finalized its 15th securitized bond issuance، worth EGP 1.036 billion، with EFG Hermes، an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA)، this brings Valu's total securitizations value to EGP 12.3 billion. The issuance is the fifth 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 10-month bond، a Prime 1 (sf) rating، and a fixed interest rate. Karim Riad، CFO of Valu، commented، 'This transaction is a testament to our long-standing and strategic partnership with EFG Hermes. As we continue to scale and diversify our operations، securitization remains a vital component of our funding strategy، enabling us to deliver more innovative financial solutions and reach wider segments of consumers in Egypt and beyond.' Maie Hamdy، Managing Director - Debt Capital Markets at EFG Hermes، added، 'Our fifth issuance under Valu's EGP 16 billion program reflects the deep trust and consistent collaboration between both institutions. This deal highlights our unmatched structuring capabilities and our ability to tailor complex capital market transactions to support the high growth trajectory of fintech pioneers like Valu.' 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 underwriter and custodian bank. Dreny & Partners was the legal advisor، and Baker Tilly was the auditor.
