Africa Feed & Food successfully completes its first bond issuance of 700 MDH to accelerate its development

Africa Feed & Food's recent bond issuance of 700 million dirhams represents a major strategic milestone in diversifying the Group's funding sources. This move reflects the capital market's confidence in the robustness of its integrated model and its resilient positioning within Morocco's agro-industrial sector. The issuance aligns with the Group's ongoing strategy to institutionalize and strengthen governance to sustainably support its development in Morocco, Africa, and the Middle East. The primary objectives of this bond issuance include optimizing the Group's financing costs, enhancing its financial structure, and increasing operational flexibility. It aims to accelerate the development of Africa Feed & Food's historical activities by expanding industrial capacities across nearly all business units. Additionally, the funds will finance new activities integrated into the agri-food value chain and support pan-African expansion through strategic joint ventures and regional deployment of industrial and commercial activities. The bond has a maturity of seven years, with semi-annual amortization, and was reserved for 17 qualified investors. It experienced strong demand, attracting interest from leading Moroccan mutual fund management companies and institutional investors. This success underscores market confidence in Africa Feed & Food's strategy, integrated model, and its ability to generate sustainable growth while contributing to Morocco's and Africa's food sovereignty. In this significant operation, Africa Feed & Food was supported by WEADVISE and Red Med Corporate Finance as financial advisors and placement agents, Maleh Law Firm as legal advisor, HDID and Associates as representatives of the bondholders, and Red Med Securities as the centralizing agent for the operation. The Group expresses its gratitude to all investors who participated in this inaugural capital market fundraising, as well as to its financial and legal partners for their trust and contribution to the success of this structuring operation.