Investors’ confidence in RCI Finance Maroc is confirmed. The financial subsidiary of the Renault Maroc Group successfully issued Bons de Société de Financement (BSF) for DH 200 million at 4 years. This transaction, carried out on June 24, constitutes the company’s first fundraising on this maturity.
“While its natural need is concentrated on shorter durations, RCI Finance Maroc wanted, through this transaction, to lengthen the maturity of its liabilities and strengthen its liquidity position. The success of this transaction also illustrates the confidence of investors in the strategy and sustainability of the company, “said the top management of the company in a press release.
Driven by an oversubscription rate of 170%, the issue closed at a nominal rate of 2.99%. “This optimization of the cost of refinancing will be an asset in the service of the competitiveness of the financing and services offers of the Renault and Dacia brands”, indicates the company.
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