Auto Hall’s Subsidiary SOFAC Securitizes Motor Vehicle Rental and Loan Contracts in Moroccan Market – Exclusive Investment Opportunity for Qualified Investors

2023-06-05 13:13:55

The operation concerns the securitization of receivables resulting from rental contracts with option to purchase motor vehicles and loan contracts financing the purchase of motor vehicles entered into between SOFAC and customers of Auto Hall or the one of its subsidiaries, indicates the AMMC in a press release, specifying that the total amount of the issue is set at 700,785,000 dirhams.

Subscription to the bonds of the said Fund is reserved for qualified investors under Moroccan law, adds the same source, noting that the subscription period will be spread over 3 days (from 06/12/2023 to 06/14/2023 inclusive).

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