The Moroccan Capital Market Authority (AMMC) has given the green light to Douja Promotion Groupe Addoha for a secured bond issuance, approved on February 11, 2025. This operation, exclusively reserved for existing bondholders, is backed by a third-rank mortgage on a real estate asset located in Salé – Bouknadel, known as “Bled Ouled Sbita.”
The bond issuance consists of four unlisted tranches with a six-year maturity. The total amount of the operation reaches 750 million dirhams, with investors given the option to choose between a fixed interest rate of 5.79% or a variable rate, initially set at 5.58% for the first year and subject to annual revision. Repayment will follow a linear annual amortization schedule.
Subscriptions will be open from February 18 to 20, 2025. An excerpt of the prospectus will soon be available on the issuer’s website, at the headquarters of Douja Promotion Groupe Addoha, through the placement agent, and on the AMMC’s official site.
