ValU plans to issue EGP 2.5bln securitisation bonds before year-end

Egypt-based buy now pay later (BNPL) platform ValU plans to issue new securities worth 2.5 billion Egyptian pounds before the end of this year, according to Walid Hasouna, CEO of ValU told Asharq Business on Monday.

The new securitisation bonds representing the company’s latest issuance within a five billion pounds bond programme previously announced, Hasouna added. The company will issue bonds worth one billion pound during these days to develop its operational activities.

The one billion pounds which expected to be implemented within days, represents ValU’s third edition in 2023 and the company’s sixth since its inception in 2017, according to the statement.