Casablanca Finance City issued a green bond issue of AED 355 million. This issue was realized through a private placement with the largest institutional investors of the Kingdom, after obtaining a license from the Moroccan Authority of Capital Markets.
The loan expires over 15 years, reflecting the confidence of Moroccan and foreign institutions that have responded positively to this issue.
This bond loan will finance the development of the real estate program of the financial center of Casablanca, including the construction of two new buildings to meet the growing demand for financially acquired companies.
The program, which aims to obtain the international LEED (Leadership in Energy and Environmental Design) label, will be subject to regular external audits to confirm and assess its environmental impacts.
Consulting bank: Upline Corporate Finance.