Crédit Agricole du Maroc (CAM) has embarked on a bold strategy to reinforce the national economy and solidify its financial base by launching a subordinated bond issuance worth 1 billion dirhams ($100 million). Reserved exclusively for qualified investors, this initiative aligns with the bank’s ambitious financing plan aimed at driving sustainable growth.
The bond issuance is divided into two distinct tranches:
- Tranche A: Valued at 500 million dirhams, these non-listed subordinated bonds carry a revisable interest rate. They have a 10-year maturity and will be repaid in full at the end of the term.
- Tranche B: Also worth 500 million dirhams, these non-listed subordinated bonds feature a fixed interest rate and the same 10-year, end-of-term repayment structure.
Scheduled to close on December 31, 2024, this issuance highlights CAM’s determination to play a pivotal role in supporting Morocco’s key economic sectors. At the heart of its priorities is the agricultural sector and rural development—both central to the bank’s mission and essential to the nation’s sustainable development.
Moreover, the funds raised will bolster the bank’s regulatory capital, enhancing its financial resilience and ability to support diverse economic stakeholders.
Through this initiative, Crédit Agricole du Maroc underscores its dedication to responsible financing and inclusive growth. The move provides vital support to entrepreneurs, farmers, and investors contributing to Morocco’s economic development, especially in rural areas where funding needs remain pressing.
The success of the bond issuance reflects investor confidence in CAM’s stability and forward-looking strategy. By mobilizing significant resources for long-term investment, the bank strengthens its position as a trusted partner in Morocco’s critical economic sectors.
This bond issuance is a decisive step toward achieving balanced economic growth and amplifying support for rural initiatives. It reaffirms Crédit Agricole du Maroc’s role as a cornerstone of Morocco’s economic and social development, cementing its position as a leader in fostering progress across the nation.
