CFG Bank: Visa on the prospectus for the issuance of a subordinated bond loan of 160 MDH

The Moroccan Capital Market Authority (AMMC) announced that it approved, on Thursday, a prospectus relating to the issue by CFG Bank of a subordinated bond issue with a ceiling of 160 million dirhams (MDH).

This ten-year loan is made up of tranches A (fixed rate – listed), B (fixed rate – unlisted), C (annually revisable – listed) and D (annually revisable – unlisted), specifies the AMMC in a press release. The allocation method is the French auction with priority to tranches A and B, then to tranches C and D, the same source said.

And to add that the subscription period runs from September 26 to October 3 inclusive.

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