Attijariwafa bank authorized to issue a 1 billion dollar bond
The shareholders of the Moroccan bank have given their assent, to the management's request to seek financing from the international market,Reuters reports.
Source : https://www.marocafrik.com/english/Attijariwafa-ba...
During the last decade, Attijariwafa was privileged to finance the domestic market, especially to ensure its development in Africa, where it is present in force in many countries including Tunisia, Côte d'Ivoire, Senegal, Mauritania, Mali Cameroon, Gabon and Congo, in addition to a network of branches in Europe addressed primarily to MRE.
However, the domestic market due to the global crisis is experiencing a severe lack of liquidity which has pushed Attijariwafa to the international market.
The authorisation of the general meeting is valid for five years.
Attijariwafa Bank is vying to win the majority share purchase of the capital of BNP Paribas Egypt, the Egyptian Central Bank has approved the application.
However, the domestic market due to the global crisis is experiencing a severe lack of liquidity which has pushed Attijariwafa to the international market.
The authorisation of the general meeting is valid for five years.
Attijariwafa Bank is vying to win the majority share purchase of the capital of BNP Paribas Egypt, the Egyptian Central Bank has approved the application.
Source : https://www.marocafrik.com/english/Attijariwafa-ba...