Addoha closed the issue of its ordinary bond loan, for an amount of DH 594 million, with real mortgage guarantees in favor of the mass of bonds.
It should be remembered that the main objective of this operation is to extend the maturity of part of the company’s debt by converting commercial paper into bonds. The repayment will be made after 2 years of deferred principal amortization then linear annual amortization over 5 years.
The results of the operation published show that the amount of the loan has been allocated in full. It is mainly UCITS, CDG and other financial companies that participated in this operation (see below).
Remember that this loan comes with the following mortgages:
> A first rank mortgage, in the amount of 594,000,000 dirhams, on the property known as “Ain Slim” located in Marrakech, consisting of agricultural land with an area of 283 ha 40 to 30 ca ;
> A fifth rank mortgage, in the amount of 594,000,000 dirhams, on the property known as “El Bahr” located in Sala Al Jadida, place called Bou Knadel, consisting of bare land including equipment of subdivision with an area of 867,115 m².
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