Finance

Morocco’s BCP says it will grant intermediaries $500,000 in commission for current loans

Morocco’s BCP says it will grant intermediaries $500,000 in commission for current loans
Monday, 21 December 2020 18:28

The group of intermediaries working on the bond issue currently being carried out by the Moroccan Banque Centrale Populaire (BCP) will share nearly MAD4.5 million (just over $500,000) in fees and commissions.

These beneficiaries include the central depository (Maroclear), the Moroccan Capital Market Authority (AMMC), and the State, through legal fees, securities brokers, legal and financial advisors, and communication advisors.

BCP will continue with its series of bonds, carried out within the framework of a global program validated in November 2017 for the mobilization of MAD 8 billion.

The current tranche whose subscriptions are open to investors between December 24-28 aims at collecting MAD 1.5 billion, we learned. However, 0.3% excluding tax of this amount will be reserved for the payment of fees to intermediaries.

A total of about 30 operations to raise funds or reorganize the capital structure have been carried out by companies in Morocco, according to information collected on the website of the Moroccan Capital Market Authority. This helps support the activity of investment intermediaries.

Let’s however note that part of the fees to be paid on the current operation will remain within the BCP group. The general coordinator of the issue is Upline Group, BCP’s wholly-owned subsidiary.

Idriss Linge

On the same topic
WAEMU states collectively raised nearly 7,000 billion CFA francs in the first half of 2025, a record amount driven by increased financing needs, the...
• Inflation within the West African Economic and Monetary Union (UEMOA) fell to a two-year low of 0.6% in May, bolstered by a decline in food costs. •...
• Interbank volumes rose 18.7% in May, while rates declined across the market• The BCEAO cut its main policy rate to 3.25% following a sharp drop in...
• EY is preparing to leave Francophone Sub-Saharan Africa by 2026• The exit could unlock $500 million to $1 billion in annual market...
Most Read
01

• Global coffee consumption projected to hit a record 169.4 million 60-kg bags in 2025/2026, up from...

Coffee: Global Consumption Expected to Reach Record Level in 2025/2026
02

• Algeria grants commercial 5G licenses to top three telecom operators: Mobilis, Djezzy, and Ooredoo...

Algeria Awards Commercial 5G Licenses
03

• Investors seem to keep focusing on yields, which are high for the moment• New Leadership might see...

Afreximbank Bonds Retain Market Confidence Despite Moody’s Downgrade
04

• Kenyan President William Ruto signs strategic partnership with UK Prime Minister Keir Starmer to b...

William Ruto in London: New Agreement Aims to Double Kenya-UK Trade by 2030
05

• IFC teams up with AfDB and Nigeria’s EbonyLife to assess a new fund for African cinema• Sector cou...

IFC Plans Investment Fund to Help Grow African Film Industry
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

Benjamin FLAUX
bf@agenceecofin.com 
Téls: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.