Stocks Market
RCI Finance Maroc Secures DH300 Million through Private Bond Placement
RCI Finance Maroc closed a DH300 million private bond placement on July 15, 2026. The 3,000 ordinary bonds carry a rate that is reset every 13 weeks and will mature in two years, with full repayment at maturity. The proceeds are aimed at strengthening the firm’s stable funding base, aligning debt maturities with its loan portfolio, diversifying financing sources, reducing funding costs, and supporting growth.
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Overview of the Placement
On July 15, 2026, RCI Finance Maroc successfully completed a private placement of ordinary bonds amounting to DH300 million. The issue was subscribed by qualified investors and consisted of 3,000 bonds, each representing a portion of the total capital raised.
Key Terms of the Issue
- Interest rate: Adjustable every 13 weeks based on market conditions.
- Maturity: Two‑year term, with the principal repaid in full at maturity (in‑fine).
- Purpose: To strengthen stable financing, align debt maturity with loan‑book averages, diversify funding sources, and reduce overall financing costs.
Strategic Rationale
The company aims to improve its capital structure by increasing the share of long‑term, stable funding. This alignment helps RCI Finance Maroc better match the duration of its liabilities with the average tenor of its credit portfolio, thereby mitigating liquidity risk.
In addition, the placement diversifies the firm’s funding mix, potentially lowering borrowing costs and providing the financial depth needed to support future growth initiatives.