Energy
TAQA Morocco contracts €248m debt to refinance Attijari and BCP loans

TAQA Morocco contracts €248m debt to refinance Attijari and BCP loans

The bond issue aims to streamline the energy group’s financial structure and to refinance maturing bank debt, which helped cover the €138m paid to ONEE in January.

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            ▪ TAQA Morocco contracts €248m debt to refinance Attijari and BCP loans

▪ The bond issue aims to streamline the energy group’s financial structure and to refinance maturing bank debt, which helped cover the €138m paid to ONEE in January.

http://www.jeuneafriquebusinessplus.com/en/805479/taqa-morocco-contracts-e248m-debt-to-refinance-attijari-and-bcp-loans/

18/09/2020 at 08h29, by Jeune Afrique Business+

 TAQA Morocco, the Morocco-based subsidiary of the Abu Dhabi National Energy Company, has just raised 2.7bn Moroccan dirhams (€248m) through the issue of bonds maturing up to March 2038, aimed at a “diversification of funding sources”.

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