The Oncology and Diagnosis Group of Morocco (ODM) is proud to announce the successful closing of the issue of a private bond loan fully subscribed and reserved for institutional investors under Moroccan law for a total amount of 80 million dirhams.
The ODM group thus becomes the leading player in the private health sector in Morocco to obtain the authorization of the Moroccan capital market authority (AMMC) and succeed in such a placement with the Moroccan institutional financial community, thus reflecting the latter’s confidence in the fundamentals of the group and in the quality of its governance.
“This bond issue is a confirmation of the commitment of the ODM teams who have built a solid and recognized institution. ODM has always been at the forefront of structuring the private health sector by being the first health group to attract foreign capital and the first group to comply with international auditing standards. So this new step is in line with our structured and rigorous development policy.” declared Mohamed Elmandjra, Chairman and CEO of the group.
In order to support the dynamics of health reforms in the Kingdom, this operation will provide the ODM group with additional means of financing for its expansion program.
The group, which was accompanied by CFG Bank in this operation, would like to thank all the institutional investors for their trust and the interest they have shown in ODM’s securities.
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