The Moroccan Capital Markets Authority (AMMC) has granted its approval for the securitization collective investment fund “FT FLEXENERGY” under reference VI/TI/001/2025. With a total value of 1,000,020,000 dirhams, this fund aims to support the National Office of Electricity and Drinking Water (ONEE) in financing strategic infrastructure projects secured by collateral.
The “FT FLEXENERGY” fund is exclusively available to qualified Moroccan investors, who will have the opportunity to subscribe to the bonds issued between January 30 and February 3, 2025. This initiative aligns with Morocco’s ongoing efforts to diversify funding sources within the national energy sector and to bolster the development of ONEE’s infrastructure projects.
The launch of this fund meets two key objectives: ensuring the financing of critical projects essential to Morocco’s energy transition and offering institutional investors attractive opportunities within the capital market. The bonds issued under the “FT FLEXENERGY” fund will be backed by secured assets, providing an optimal level of security for subscribers.
Through this innovative financing solution, ONEE will be able to secure the necessary funds to modernize and expand its infrastructure, while optimizing its financial structure to support long-term growth.
Subscription to the fund’s bonds is strictly reserved for qualified Moroccan investors, including institutional and experienced professional investors. They will gain access to a structured and high-performing investment vehicle tailored to the growing demands of the national energy market.
By approving this operation, the AMMC reaffirms its commitment to fostering a dynamic and transparent financial market that supports Morocco’s real economy and strategic projects.
The creation of the “FT FLEXENERGY” fund comes at a pivotal moment as Morocco continues its energy transition strategy, with a strong emphasis on renewable energy development and energy efficiency improvements. This financial instrument will play a crucial role in supporting the country’s ambitions for energy independence and sustainable development.
Subscription timeline
- January 30, 2025: Subscription period opens.
- February 3, 2025: Subscription period closes.
