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Valu issues its first corporate bond worth EGP 1 billion, arranged by EFG Hermes
Egyptian fintech Valu has completed its first corporate bond, a EGP 1 billion issuance in two tranches under a EGP 10 billion programme, with EFG Hermes as arranger.
By Propel Africa · 2026-08-17
ValU has completed its first corporate bond issuance, worth EGP 1 billion, according to a release published by EFG Holding on 17 August. EFG Hermes acted as sole financial advisor, sole transaction manager, bookrunner, underwriter and arranger. The release does not name the buyers of the bonds.
How the bond is structured
The issuance is the first under a EGP 10 billion corporate bond programme, with a maximum tenor of 36 months. It has two tranches: EGP 460 million over 13 months at a fixed rate, and EGP 540 million over 36 months at a variable rate. Both are rated A minus. Matouk Bassiouny & Hennawy was legal advisor and Baker Tilly was auditor.
About Valu
Valu is a financial technology company offering consumer and business financial solutions. Its products include buy now pay later financing, investment products, instant cash redemption, Valu Business for B2B clients, and a prepaid and co-branded credit card with Visa. It operates in the Middle East and North Africa, is listed on the Egyptian Exchange, and launched in Jordan in May 2026.
Funding position
Revolving bank credit lines grew by EGP 16 billion over the past 12 months to EGP 25 billion as of July 2026. Karim Riad, CFO at Valu, said: "This breadth of funding sources gives us greater flexibility to support Valu's growth".
At a glance
- Company: ValU
- Raised: EGP 1 billion
- Round: Corporate bond (first issuance)
- Arranger: EFG Hermes
- Markets: Middle East and North Africa, including Egypt and Jordan
- Key figure: EGP 25 billion in revolving credit lines