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Valu closes its 17th securitised bond issuance

Gulf Today

|

August 20, 2025

Valu, MENA’s leading universal financial technology powerhouse, announced the successful closing of its I7th securitised bond issuance, valued at EGP 460.7 million, with EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (Mena).

- Staff Reporter, Gulf Today

The issuance is the first under the newly approved EGP IO billion securitization programme.

The bond is backed by a receivables portfolio assigned to EFG for Securitization, which acts as the special purpose vehicle (SPV) for the issuance. It is a I2-month bond, rated Prime | (sf).

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In plain English, minister: Drop the gimmicks, stop the boats

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India's defence production enters new era: Rajnath

Lucknow, the capital of Uttar Pradesh, made history in defence production on Saturday as Defence Minister Rajnath Singh and Chief Minister Yogi Adityanath jointly flagged off the first batch of BrahMos missiles manufactured at the BrahMos Aerospace Unit in Sarojini Nagar.

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After refreshing break, India target victory against England

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'No Kings' protests against Trump rock American cities

Protesting the direction of the country under President Donald Trump, people gathered on Saturday in the nation's capital and communities across the US for \"No Kings\" demonstrations - what the president's Republican Party is calling \"Hate America\" rallies.

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Fire at Dhaka airport halts flight operations

A massive fire erupted at the cargo section of Bangladesh's Hazrat Shahjalal International Airport in Dhaka on Saturday afternoon, halting all flight operations and prompting an extensive emergency response, local media reported.

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Nobel laureate Chen Ning Yang passes away

Chinese Nobel Prizewinning physicist Chen Ning Yang, one of the most influential scientists in modern physics, died in Beijing on Saturday. He was 103.

time to read

1 mins

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Government debt is a global problem

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ADEK lays down terms for teaching mandatory subjects

The Abu Dhabi Department of Education and Knowledge (ADEK) has confirmed that schools cannot exempt themselves from the requirements for teaching compulsory subjects.

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Man fined Dhs20,000 for violating privacy of woman

The Abu Dhabi Family, Civil and Administrative Cases Court has ordered a man to pay Dhs20,000 in compensation to a woman for violating her privacy by posting photos and videos of her on social media.

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Family of 11 killed after Israeli forces hit bus in Gaza

GAZA CITY: Gaza's civil defence agency said Israeli forces killed Il members of a single Palestinian family when they shelled a bus, after the military confirmed it had targeted a vehicle that crossed the so-called \"yellow line.

time to read

1 mins

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