Aradei Capital has announced an update to the adjustable rates applicable to two of its bond issuances, in line with regulatory requirements and the information notices approved by the Moroccan Capital Market Authority (AMMC).
Revised rate for the 2018 bond issue (Tranche E)
For the bond issuance carried out on October 16, 2018, under reference VI/EM/022/2018, Aradei Capital has set the new adjustable rate for Tranche E at 4.27%, effective on the next anniversary date, November 8, 2025. This rate is derived from the 52-week full rate (money market rate) published by Bank Al-Maghrib, based on the secondary market yield curve for Treasury bills.
Rate update for the 2021 private placement bond issue (Tranches B and C)
In the case of the private placement bond issuance dated November 4, 2021, amounting to 500 million MAD, the adjustable rates for Tranches B and C have been updated. As stipulated in the issuance agreement dated October 21, 2021, the new rate for these tranches has been set at 3.98%, effective on the upcoming anniversary date, November 4, 2025. This rate, like the previous one, is calculated based on the 52-week full rate published by Bank Al-Maghrib.
