Home / Finance & Economy / The ANP plans to borrow MAD 1 billion

The ANP plans to borrow MAD 1 billion

The National Ports Agency (ANP) will borrow 1 billion dirhams. The operation, targeted by the Moroccan Capital Market Authority (AMMC), is divided into two tranches. The first (700 million dirhams) will have a 15-year maturity with a fixed rate, while the other (300 million dirhams) with an annual revisable rate will have a maturity period of 10 years.

The subscription period runs from May 29 to May 31, with the possibility of early closing on May 30. Note that CDG Capital is the investment and advisory body.

The loan is aimed in particular at the development of the port tool and the promotion of port places. It will also enhance security and safety in ports, as well as diversify the agency’s sources of funding.

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