CMGP Successfully Completes a Private Placement Bond Issuance to Finance Its Growth

CMGP Group has successfully executed a private placement of ordinary bonds amounting to 700 million dirhams, subscribed by qualified investors. The operation was structured into two tranches: - Tranche A: Bonds with a maturity of 7 years, amortizable with a one-year grace period on the principal, at a fixed rate, negotiable over-the-counter, totaling 350 million dirhams. - Tranche B: Bonds with a maturity of 7 years, bullet repayment, at a fixed rate, negotiable over-the-counter, also totaling 350 million dirhams. Through this bond issuance, CMGP Group aims to: (i) finance its external growth project, (ii) diversify its funding sources, and (iii) optimize its debt costs. CMGP Group was advised by CFG Finance, a subsidiary of CFG Bank, in the structuring and placement of this operation.