As part of its mission to serve the sustainable development of the national economy and its financial market, and in order to support Morocco’s ambition in carrying out several large-scale infrastructure projects, CDG Capital has structured the first bond issue in “project bond” mode for an amount of 750 MDH for the benefit of Moroccan operators as part of the financing of an identified public market.
Indeed, CDG Capital has created a hybrid product able to offer a new solution to the financing of public markets.
A bond issue in “project bond” mode is a secured bond issue carried by the project company, the main risk of which is structured around the advancement of an identified public market.
“This operation, which was over-subscribed, is an innovation that will allow the diversification of sources of financing for Moroccan operators and a major step forward in the sustainable development of capital markets”, explains the investment bank.
