Le Matin – Bank Of Africa: green light from the AMMC for a bond loan

The Moroccan Capital Market Authority (AMMC) announced that it had approved, on Wednesday, under reference VI / EM / 016/2021, a prospectus relating to the issue by Bank Of Africa (BOA) of a perpetual subordinated bond loan with a mechanism for absorbing losses and canceling payment of coupons.

This loan is composed of two unlisted tranches with a ceiling of one billion dirhams (MMDH), each, specifies the AMMC in a press release, noting that the subscription period extends from September 6 to September 9, 2021 inclusive. .

Regarding the allocation method, it consists of a French auction with priority to tranche A (at rate revisable every 5 years), then to tranche B (at rate revisable annually), notes the same source.

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