Thndr Claps » EGY Claps » Financial Services 💸 » EFG’s valU eyes EGP 4.5 billion securitized bonds issuance
The ClapEFG Hermes’ (HRHO) consumer finance arm “valU” is eyeing an EGP 4.5 billion securitized bonds issuance in 2023.
WhatSecuritized bonds are a way for companies to gain financing by offering investment instruments that are backed by the company’s assets.
So whatvalU’s CEO Walid Hassouna said that securitized bonds are the best way for the company to obtain financing for its operations.
Now whatvalU is prepping to pump investments in several technology companies that complement valU’s business, with the first deal expected to be announced in Q1-2023.
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