VOL. XLIII

No. 39

25-September-2000

MOROCCO

Moroccan BMCI $36.5Mn Bond Issue Fully Subscribed

Moroccos Banque Marocaine pour le Commerce et lIndustrie (BMCI) on 8 September said its $36.5mn bond issue was fully subscribed. The issue was launched from 31 July to 22 August and was offered to shareholders at a 4.25% interest rate (MEES, 7 August). BMCI said in a press statement that 93.13% of the issue was subscribed by institutional investors and listed on the Casablanca Stock Exchange on 1...