The Moroccan Capital Market Authority (AMMC) has approved the annual update of Immorente Invest’s commercial paper issuance program. This program has a ceiling of 300 million dirhams (MDH), with each unit valued at 100,000 dirhams and maturities ranging from 10 days to 12 months, according to an AMMC statement released on Monday.
The interest rate for each issuance under this program is fixed and determined based on current market conditions, the statement added.
