The Moroccan Capital Market Authority (AMMC) has validated the prospectus for the issuance of a subordinated bond launched by Attijariwafa Bank for a maximum amount of 1.5 billion dirhams (approximately 140 million euros).
Attijariwafa Bank launched a bond issue of up to 1.5 billion dirhams (around 140 million euros), ahead of strengthen its own funds and diversify its sources of financing. While the Moroccan capital market is experiencing sustained dynamics, marked by initiatives aimed at diversifying financial instruments and strengthening liquidity.
With a duration of 7 years, the loan is structured in two unlisted tranches to meet the needs of investors.
The subscription period is set from December 20 to 24, 2024.
Tranche A, at a fixed rate, is based on the 7-year Treasury bill rate curve published by Bank Al-Maghrib on December 13, 2024, i.e. 3.03%, with a risk premium of 50 basis points, bringing the rate to 3.53%.
Tranche B, with an annual adjustable rate, is indexed to the monetary rate of 52-week Treasury bills (2.78%) with a premium of 45 basis points, i.e. an initial rate of 3.23% for the first year .
This issue is part of a context of dynamism in the Moroccan capital market, where subordinated loans contribute to strengthening the solvency ratios of banks.
It responds to a growing demand for secure fixed-income financial investments.
Attijariwafa Bank thus reaffirms its commitment to maintaining solvency levels consistent with international standards while supporting the liquidity of the Moroccan financial market.
SL/te/Sf/APA
Business
