Managem successfully closes a bond issue of MAD 1.5 billion

The Managem group successfully closed the issue of a bond loan in the amount of 1.5 billion dirhams (MMDH).

In a press release on the results of this operation, launched on December 14, the Group announces that the total amount of bids recognized as valid amounted to MAD 2.615 billion. In detail, tranche A, unlisted, with a maturity of 7 years with a fixed rate of 3.22%, was subscribed for 2.345 billion dirhams, with a satisfaction rate of 63.97%, while Tranche B, unlisted, with a maturity of 5 years with a fixed rate of 2.86%, was subscribed for 50 million dirhams (MDH), but was not retained.

Tranche C, unlisted, with a maturity of 5 years with an annual revisable rate, was, for its part, subscribed for up to MAD 220 million, but was not retained.

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