Mutandis SCA has successfully raised 300 million dirhams via a private bond placement, marking a significant milestone in the company’s financial strategy. This move highlights the firm’s commitment to diversifying its funding sources and reinforcing its position in both local and international markets.
The operation was structured into two tranches to cater to the varied interests of investors. The first tranche, amounting to 150 million dirhams, offers a fixed interest rate and is negotiable over the counter. The second tranche, also valued at 150 million dirhams, provides an annually adjustable interest rate, maintaining the same negotiable terms. Both tranches come with a five-year progressive repayment plan, ensuring financial flexibility for Mutandis while offering attractive conditions for its investors.
This fundraising initiative is driven by several strategic objectives. It allows the company to refinance existing bank loans, improving debt management. By diversifying its financial sources, Mutandis also optimizes its funding costs, ensuring a more robust and stable financial structure. Additionally, the funds open up new investment opportunities, paving the way for further growth and development. This approach reflects Mutandis’ commitment to maintaining a proactive and rigorous management of its financial resources while pursuing ambitious growth goals.
The operation was facilitated by CFG Finance, a subsidiary of CFG Bank, which provided its expertise in structuring and placing the bonds. This collaboration ensured the success of the issuance and strengthened Mutandis’ ability to execute such a critical financial strategy effectively.
