CIH Bank: A Subordinated Bond Issuance of 1 Billion Dirhams to Support Development Plan

CIH Bank has completed a subordinated bond issuance through a private placement with qualified investors, amounting to a total of 1 billion dirhams. The operation was structured in two tranches, which are not listed on the Casablanca Stock Exchange: - Tranche A: a total of 500,000,000 MAD with a fixed interest rate and a maturity of 10 years. - Tranche B: a total of 500,000,000 MAD with an annually adjustable interest rate and a maturity of 10 years. Through this subordinated bond issuance, CIH Bank aims to strengthen its equity and finance its development plan.