Egyptian consumer finance player valU closes fourth securitized bond issuance
March 22, 2023valU closes fourth securitized bond issuance:EFG Hermes Holding’sconsumer finance arm valU has issued EGP 856.5 mn worth of securitized bonds, according to a statement (pdf) . The issuance consists of a single tranche of 12-month bonds backed by a receivables portfolio. The bonds earned a “prime-1” rating.