The Attijariwafa Bank banking group announced that it had successfully closed its two bond issues launched on December 21.
Thus, the first operation relating to the issue of a subordinated bond loan in the amount of 500 million dirhams (MDH) was subscribed 2.8 times, indicates the Group in a press release. In detail, the total amount of bids recognized as valid amounted to 1.39 billion dirhams (MMDH). Tranche C, unlisted, with a maturity of 7 years with a fixed rate of 2.66%, was subscribed for up to MAD 840 million, with a satisfaction rate of 59.5%. Tranche D, unlisted, with a maturity of 7 years with an annual revisable rate, was, for its part, subscribed for up to MAD 550 million, but was not retained.
For the second operation, which concerns an issue of perpetual subordinated bonds with a mechanism for absorbing losses and canceling payment of coupons for a total amount of MAD 500 million, it was subscribed 2.4 times. The total amount of bids recognized as valid stood at 1.204 billion dirhams.
Tranche A, unlisted, with a rate revisable every 10 years of 4.58%, was subscribed for 1.104 billion dirhams, with a satisfaction rate of 45.3%. Tranche B, unlisted, with an annual revisable rate, was subscribed for up to MAD 100 million, but was not retained.
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