Morocco’s Highway Operator Raises $220 Million in Oversubscribed Bond Issue

In a recent communication, the operator indicated that the operation was subscribed 1.9 times and closed with a demand exceeding 4 billion DH. As for the Société nationale des autoroutes du Maroc, it thanked all the institutional investors for the interest and confidence they have shown in ADM’s securities and for their unwavering support during the company’s bond issues.

A few months ago, ADM had launched an issue of a bond loan guaranteed by the State and reserved for institutional investors of Moroccan law for a total amount of 2.2 billion dirhams. This operation had been divided into a fixed-rate tranche with a 30-year maturity and 15-year grace period.