VOL. XLV
No 35
2-September-2002
MOROCCO
ONA Taps Moroccan FinancialMarkets
MoroccanGroup ONA has tapped the local financial market by issuing shares worth a totalof $70mn which have been taken up mostly by commercial banks, insurancecompanies and mutual funds. Although the offer was oversubscribed by $50mn, ONAsaid that it decided to limit the issue to 7,000 non-tradeableshares priced at MD100,000 each with an annual rate ofinterest of 6.2% over five years. This is the second time this year ONA...
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