Markets

Morocco's finance hub issues 335mn dirhams green bond

Published September 24, 2018 Updated September 24, 2018 01:04pm

CFC said it received the authorisation of bourse regulator AMMC for the 15-year bond.

"The issuance was completed through a private placement with the largest institutional investors of the Kingdom," it said.

Morocco's government began developing Casablanca Finance City in 2010 as a banking centre for Africa.

Financial companies, professional services firms and regional headquarters of multinationals can become members of the centre, receiving tax concessions and other benefits such as fast-track visa procedures for staff.

Copyright Reuters, 2018