Cairo - Mubasher: U Consumer Finance (Valu), MENA’s leading fintech platform, closed its 17th securitized bond issuance at EGP 460.70 million, according to a press release.

The transaction, executed in partnership with EFG Hermes, an EFG Holding company, marks the first issuance under Valu’s new EGP 10 billion securitization program.

The bond is backed by a receivables portfolio assigned to EFG for Securitization. It carries a Prime 1 ‘sf’ rating, with a 12-month tenor.

Karim Riad, CFO of Valu, commented: “This issuance marks a pivotal milestone in our ongoing strategy to diversify our funding base and strengthen our capital structure.”

“Launching the first transaction under our newly approved EGP 10 billion program reflects our confidence in the market and our commitment to scaling responsibly,” the CFO noted.

Maie Hamdy, Managing Director and Debt Capital Markets of EFG Hermes, added, “We are delighted to support Valu in this landmark issuance, which comes on the back of their successful listing on the EGX, a clear signal of investor confidence in the company’s vision and performance.”

It is worth highlighting that EFG Hermes acted as sole financial advisor, transaction manager, bookrunner, underwriter, and arranger on the issuance.

AAIB served as underwriter and custodian, with participation from IDBE, Arab Banking Corporation (ABC), and Attijariwafa Bank. Dreny & Partners provided legal counsel, while Baker Tilly served as auditor.

In the first half (H1) of 2025, the net income of Valu surged by 64% year-on-year (YoY) to EGP 341 million, while the revenues rose by 94% to EGP 2.60 billion.