Attijariwafa Bank has invited its bondholders to attend an Ordinary General Assembly, scheduled for Wednesday, April 23, 2025, via video conference. The meeting will focus on bonds issued in June and December 2024 and will address several key decisions regarding bondholder management.
One of the primary agenda items is the appointment of a permanent representative to act on behalf of bondholders. Mohamed Hdid, a certified public accountant, has been proposed for the role with an indefinite term. His responsibilities would include safeguarding bondholders’ interests and handling management tasks necessary for their collective benefit.
The assembly will also define the powers of the bondholders’ official representative and approve the necessary legal formalities.
The bonds in question were issued in two separate tranches, each with distinct interest rates and repayment terms aligned with market conditions. Tranche A offers a fixed rate based on the secondary market yield curve for Treasury bonds, while Tranche B features a variable rate, adjusted annually.
To join the video conference, bondholders must submit a participation request no later than five days before the meeting. This request must include identification, proof of bond ownership, and, if applicable, a proxy authorization. Once registered, participants will receive an access link.
The assembly will also provide an opportunity for bondholders to vote remotely, either by mail or through a proxy. Full details on participation procedures and required documents are available on the bank’s official website.
