Attijariwafa
ATW
ATW
The Moroccan capital markets regulator (CDVM) has given the approval of a prospectus summary related to the subordinated loans issuance by Morocco’s Attijariwafa Bank, according to Casablanca Bourse.
The Bank is planning to issue MAD 1.2 billion, with a 10-year instruments and a rate of 4.75%, including 100 bps risk premium.
Moreover, the subscription period will last from December 10 to 12, 2014. Such issuance will help the Bank to boost its capital adequacy ratio, which stood at nearly 12.5% as of June 2014.
Attijariwafa Bank: MAD 340.00 as of December 4, 2014, with the rating ‘neutral’. The Bank’s fair value is MAD 381.97 per share, with Market Capitalization $7,793 million ATW MC / ATW.CS, according to EFG Hermes Research.
The Bank is planning to issue MAD 1.2 billion, with a 10-year instruments and a rate of 4.75%, including 100 bps risk premium.
Moreover, the subscription period will last from December 10 to 12, 2014. Such issuance will help the Bank to boost its capital adequacy ratio, which stood at nearly 12.5% as of June 2014.
Attijariwafa Bank: MAD 340.00 as of December 4, 2014, with the rating ‘neutral’. The Bank’s fair value is MAD 381.97 per share, with Market Capitalization $7,793 million ATW MC / ATW.CS, according to EFG Hermes Research.
Source:
Mubasher
