World Courant
The know-how platform for monetary companies Valu introduced on Tuesday the completion of the thirteenth issuance of securitization bonds value LE519.2 million, as a part of a multi-issuance program value LE10.8 billion.
In response to a disclosure assertion to the inventory trade on Tuesday, the transfer marks a milestone within the firm’s development trajectory since its founding.
Valu succeeded in issuing securitization bonds by taking an method that contributed considerably to strengthening development plans.
Since launching its first securitization bond issuance in 2021, the corporate has continued to develop its suite of monetary companies.
In 2024, it accomplished the issuance of six securitization bonds – represented by the eighth to thirteenth issuances – with a complete worth of greater than LE4.9 billion.
This issuance is the third deal inside a LE16 billion securitization bond program. The securitization course of, backed by a portfolio of receivables, was transferred to EFG Securitization Firm and the difficulty was supplied in two tranches.
The worth of Tranche (A) is LE 321.9 million, with a time period of six months, has a Prime I (sf) credit standing and a hard and fast rate of interest, whereas Tranche (B) is LE 197.3 million, with a time period of 12 months, and has a Prime II (sf) credit standing and a hard and fast rate of interest.
Valu points securitization bonds value LE10 billion
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