No. 32



Moroccos BMCI Bank To Issue $38Mn In Bond Loan

Moroccos blue-chip bank Banque Marocaine pour le Commerce et lIndustrie SA (BCMI) has issued MD400mn ($37.4mn) in bonds with a seven-year maturity to finance the banks expanding activities. According to a statement issued by the bank on 25 July, subscription extends from 31 July to 21 August and will be offered to shareholders at a 4.25% interest rate. Interest will start to accrue on 1 September. The offering...