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Thndr Claps » EGY Claps » Financial Services 💸 » EFG’s valU eyes EGP 4.5 billion securitized bonds issuance

EFG’s valU eyes EGP 4.5 billion securitized bonds issuance

by Shams Abbas
January 22, 2023

The Clap
EFG Hermes’ (HRHO) consumer finance arm “valU” is eyeing an EGP 4.5 billion securitized bonds issuance in 2023.

What
Securitized bonds are a way for companies to gain financing by offering investment instruments that are backed by the company’s assets.

So what
valU’s CEO Walid Hassouna said that securitized bonds are the best way for the company to obtain financing for its operations.

Now what
valU 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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