Maroc Telecom Raises 3 Billion Dirhams to Drive Africa’s Digital Expansion
This fundraising is part of a dynamic to revive and consolidate the Group’s activity, reaffirming its ambition to play a leading role in the digital transition in Africa.
As part of its strategic transformation and financial optimization, Maroc Telecom , a leading telecom operator in Africa, announces the successful completion of its first private bond issuance, amounting to 3 billion dirhams on the Moroccan market.
This operation, which marks an important milestone in the Group’s history, aims to strengthen its financial structure in order to accelerate the deployment of high value-added projects. Conducted as a private placement, the issuance attracted strong interest from institutional investors.
The bond, with a two-year maturity and bullet repayment, was issued at a fixed rate of 2.37%, including a risk premium of 20 basis points. This success reflects the solidity of Maroc Telecom’s fundamentals, the robustness of its business model, as well as the markets’ confidence in its sustainable growth trajectory.
The funds raised will notably be used to proactively refinance a part of the existing debt, while providing the Group with new flexibility to invest in strategic areas such as the deployment of 5G, fiber optic development, customer experience improvement, and the creation of innovative solutions for businesses.
This fundraising is part of a dynamic to revive and consolidate the Group’s activity, reaffirming its ambition to play a leading role in the digital transition in Africa.
