2023-12-30 02:32:00
BCP headquarters in Casablanca. Credit: The Desk
The Banque Centrale Populaire (BCP) announced that it had successfully closed the issue of a subordinated bond loan in the amount of 1 billion dirhams (MMDH), the subscription of which took place from December 25 to 27.
This loan was oversubscribed more than 4.9 times with qualified investors, namely undertakings for collective investment in transferable securities, insurance companies and pension and provident organizations, indicates BCP in a press release published on the website of the Moroccan Capital Market Authority (AMMC).
“This success demonstrates investors’ confidence in the BCP group,” adds the same source.
©️ Pulse Media. All rights reserved.
Reproduction and distribution prohibited (photocopies, intranet, web, messaging, newsletters, monitoring tools) without written authorization
1703927329
#BCP #successful #issuance #subordinated #bond #loan #billion #dirhams
