Overview of the Issuance Program
CFG Bank's certificate of deposit issuance program has been updated, offering maturities that span from as short as 10 days to as long as 7 years.
The program has a total ceiling of 15 billion dirhams, which includes 4 billion dirhams allocated specifically for structured certificates of deposit.
Details on Certificates and Interest Rates
Each structured certificate of deposit has a nominal value of 100,000 dirhams, as outlined in a recent announcement by the Moroccan Capital Market Authority (AMMC).
Interest rates for these certificates are fixed for maturities of one year or less, while those exceeding one year may offer either fixed or variable rates.
