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The Banque Centrale Populaire (BCP) closes its bond issue

01/01/2021
Source : financialafrik.com
Categories: Economy/Forex

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BCP successfully closed the issue of a subordinated bond loan in the amount of 1.5 billion (1,500,000,000) Dirhams, the subscription of which took place from December 24 to 28, 2020.


This loan was more than twice oversubscribed by more than 40 qualified investors (UCITS and insurance companies). This success testifies to the confidence of investors in the BCP group, notes the bank in a press release.

Founded in 1920, the BCP Group is a pan-African group listed on the Casablanca Stock Exchange with a global presence in around thirty countries. In Africa, BCP ranks 6th among banks by Tier 1 Capital.

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