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Maydane REIM Launches Morocco’s First OPCI Bond Issuance, Raising 500 M MAD
Maydane REIM has broken new ground by completing the first-ever bond issuance by a Real Estate Collective Investment Scheme (OPCI) in Morocco. The private placement raised 500 million dirhams, marking a significant step in diversifying financing options for institutional real‑estate investors in the country. The deal, structured and placed with the help of BMCE Capital, follows a series of pioneering actions by the manager, including the first bank loan and the inaugural Murabaha transaction for an OPCI. Stakeholders say the new funding route will strengthen financial structuring tools and broaden capital sources for future projects.
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Historic bond issuance for Moroccan OPCI
Maydane REIM announced the completion of Morocco’s first bond issuance by a Real Estate Collective Investment Vehicle (OPCI). The private placement raised a total of 500 million Moroccan dirhams (MAD) from institutional investors.
Why this matters
The transaction signals a new era for OPCI financing, adding a debt‑based option to the traditionally equity‑focused structure. It follows previous milestones achieved by Maydane REIM, including:
- The first bank loan ever granted to an OPCI.
- The inaugural Murabaha financing carried out within an OPCI framework.
Role of BMCE Capital
BMCE Capital acted as placement agent, overseeing the structuring, pricing and distribution of the bond.
Strategic objectives
According to the parties involved, the bond issuance aims to:
- Diversify funding sources for OPCIs.
- Strengthen financial structuring tools available for institutional real‑estate investment in Morocco.
- Support the growth of the local real‑estate capital market.