Rédaction Africa Links 24 with alm
Published on 2024-03-06 09:18:33
The Mohammed VI Investment Fund (FM6I) launched, on Tuesday, “CapAccess” which is a new subordinated debt product to facilitate the financing of investments by Moroccan companies.
“The Mohammed VI Investment Fund (FM6I) and the Professional Banking Group of Morocco (GPBM) are organizing the signing ceremony of cooperation agreements between the FM6I, local banks and Tamwilcom for the deployment of a subordinated debt product called “CapAccess” for the benefit of Moroccan companies,” said a statement from the Fund, specifying that this product will be available from April 2, 2024 through partner banks. These banks will be responsible for distributing this product and will act as the sole point of contact for companies throughout the process of setting up the loan and its repayment, the same source said. The eligibility criteria for the product and the implementation details are already available from these banks.
The main objective of this initiative is to support Moroccan companies with viable investment projects but lacking the required level of equity by banks, explains the FM6I, adding that “CapAccess” has just offered a new source of financing combined with bank debt, following a ratio of 2/3 of senior bank credit and 1/3 of subordinated credit “CapAccess.”
Read the original article(French) on Aujourdhui.ma
