Stocks Market
CIH Bank Closes 750 Million Dirham Perpetual Subordinated Bond Offering
CIH Bank has successfully wrapped up a private‑placement of a perpetual subordinated bond, raising a total of 750 million Moroccan dirhams. The single‑tranche, annually resetting instrument was sold exclusively to qualified investors, is not listed on the Casablanca Stock Exchange, and has been dematerialised through Maroclear. The proceeds will be used to strengthen the bank’s Tier 2 capital, improve its capital adequacy ratio and fund its ongoing development programme, signalling continued growth ambition.
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Overview
CIH Bank announced that it has successfully completed a private‑placement of a perpetual subordinated bond, raising a total of 750 million Moroccan dirhams (MDH).
Key terms of the issuance
- Single‑tranche structure with an annually resetting coupon.
- Off‑exchange placement – the securities are not listed on the Casablanca Stock Exchange.
- Dematerialised registration through authorised financial intermediaries and recorded in the central depository (Maroclear).
- Targeted exclusively at qualified investors.
Strategic rationale
The proceeds are earmarked to reinforce CIH Bank’s Tier 2 capital, thereby improving its capital adequacy ratio and supporting the bank’s ongoing development plan.