2023-06-09 16:08:23
SOFAC STRUCTURED FINANCE (SSF) is positioned in the development and management of Collective Investment Funds in Securitization. The SOFAC subsidiary capitalizes on its expertise in structuring innovative financial funds and has just launched the “FT AUTO MOBILITY” fund. This is a securitization program for receivables resulting from Lease with Purchase Option (LOA) contracts and loan contracts used to finance the purchase of motor vehicles, entered into between SOFAC and the exclusive clientele of Auto Hall and its subsidiaries.
FT AUTO MOBILITY received the approval of its management regulations and the visa of the information document for the initial issue, from the Moroccan Capital Market Authority (AMMC), on June 2, 2023. The Fund will proceed to the issue of bonds reserved for qualified investors under Moroccan law and residual shares subscribed exclusively by Auto Hall. The proceeds of the issue will be allocated in full to the acquisition of receivables by the Fund from SOFAC. The subscription period for the initial issue will run from June 12 to June 14, 2023 inclusive. According to SSF, this initiative demonstrates its commitment to offer innovative financial solutions and to meet the specific needs of its partners and clients, by offering attractive refinancing and investment opportunities.
1686343545
#SOFAC #Structured #Finance #lance #Fonds #Auto #Mobility
