Maroc Leasing issues a bond loan of 700 million dirhams

Maroc Leasing has announced that it has proceeded, on August 05, with a private placement bond issue for an amount of 700 million dirhams (MDH).

This operation was structured in two tranches with a maturity of 5 years and repayable in fine, the company indicates in a press release, adding that the securities are traded over the counter, exclusively between qualified investors, subject to the provisions of article 3. of Law 43-12 and Circular 03-19 of the Moroccan Capital Market Authority (AMMC).

This is a tranche A of 1,000 bonds, at a fixed rate of 3.18%, while the tranche B (6,000 bonds) is accompanied by an annually revisable rate (2.56% for the first year), says the same source.