Valu, the Egyptian consumer finance company, has completed its 23rd securitised bond issuance, raising EGP945.8m ($18m), according to a statement filed with the Egyptian Exchange. The transaction is the fourth issuance under the company’s eighth securitisation programme, which has a total value of EGP10bn ($190m).
The bond has a 13-month tenor and was structured as a single tranche rated AA-. It is backed by a receivables portfolio assigned to EFG for Securitization, which acts as the special purpose vehicle for the issuance. The release did not name the rating agency or disclose the yield, pricing or investor identities. The company said the issuance was oversubscribed but did not quantify demand. The figures are based on the company’s statement and have not been independently verified.
EFG Hermes, the investment banking arm of EFG Holding, acted as sole financial adviser, sole transaction manager, bookrunner, underwriter and arranger. Matouk Bassiouny & Hennawy acted as legal adviser and Baker Tilly as auditor.
Karim Riad, Valu’s chief financial officer, said the closing was a milestone for the company and pointed to continued investor demand. Maie Hamdy, managing director for debt capital markets at EFG Hermes, said the transaction reflected the quality of Valu’s receivables portfolio and institutional demand for its debt. She added that the deal demonstrated EFG Hermes’ work in debt capital markets.
Securitisation allows companies to raise funds by packaging receivables into bonds sold to investors. It has become a common funding route for Egyptian non-bank financial institutions, though the market remains sensitive to interest rates and liquidity conditions. Valu said the transaction would support its growth plans and diversify its funding sources.
Valu, legally known as U Consumer Finance S.A.E., is listed on the Egyptian Exchange under the ticker VALU.CA. It says it was the first fintech company providing consumer finance to list on the EGX. Amazon holds a direct stake in the firm. Its main product is a buy-now, pay-later service branded “U”, which offers financing plans of up to 60 months across more than 9,000 stores and online platforms. Categories include home appliances, electronics, home finishing, furniture, residential solar solutions, healthcare, education, travel and fashion.
Valu also offers investment products, an instant cash redemption programme and a high-end financing programme for purchases up to EGP60m ($1.1m). Its marketplace includes Valu Invest, the AZ Valu fund, EFG Hermes ONE, Sha2labaz, Ulter and ShopIT. It provides business-to-business solutions through Valu Business and has a prepaid card and co-branded credit card with Visa. In May 2026, Valu launched services in Jordan under a specialised finance licence after final approval from the Central Bank of Jordan.
EFG Holding, listed on the EGX and the London Stock Exchange, operates three main verticals: investment banking through EFG Hermes, non-bank financial institutions through EFG Finance, and commercial banking through Bank NXT. EFG Finance includes Tanmeyah, EFG Corp-Solutions, Valu, Bedaya for mortgage finance, Kaf for insurance and EFG Finance SMEs. EFG Holding says it has a legacy of more than 40 years in six countries across two continents, including Egypt, the UAE, Saudi Arabia, Kuwait, Bahrain and Jordan.