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Africa Feed & Food Raises €63M in Private Bond Sale with Red Med Capital & WeAdvise
Panafrican agribusiness giant Africa Feed & Food (AFF) has successfully completed a private placement of bonds totaling 700 million Moroccan dirhams ($63 million) with the help of Red Med Corporate Finance, WeAdvise and Red Med Securities. The deal, split into two 7‑year maturities, will fund AFF’s expansion across Morocco and the wider African market, marking its first foray into the public capital market and reinforcing confidence in private sector debt in the region.
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Africa Feed & Food (AFF) has successfully closed a private bond placement raising 700 million Moroccan dirhams – roughly $63 million. The transaction was orchestrated by Red Med Corporate Finance, WeAdvise and Red Med Securities, with Red Med acting as the exclusive financial advisor and as the centralizing agent.
Key Deal Features
- Structure: Two 7‑year maturities, split across tranches to accommodate investors’ time horizons.
- Purpose: Fund AFF’s growth plans in Morocco and across pan‑African markets, diversifying its capital base.
- Market Impact: Marks AFF’s first move into the public capital markets and signals healthy demand for private debt in the region.
Comments from Red Med Capital
Abdeslam Ababou, President of Red Med Capital, said: "This debut bond sale for AFF represents a milestone for the group and for financing private industrial firms in Morocco. It demonstrates growing investor confidence in well‑governed, development‑oriented issuers and highlights the increasing depth of our domestic bond market. We're proud to have structured and guided this flagship operation, underscoring the growing role of the Moroccan financial marketplace as a key engine for real‑economy financing.”
Red Med Capital and WeAdvise will continue to play a leading role in shaping Morocco’s capital market landscape as more companies approach the public‑debt arena.