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Domestic bonds: BANK OF AFRICA, FRN perp., MAD (OB119, MA0000021230)

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Perpetual, Subordinated Unsecured

Status
Early redeemed
Amount
1,000,000,000 MAD
Placement
***
Early redemption
*** (-)
ACI on
Country of risk
Morocco
Current coupon
***%
Price
-
Yield / Duration
-
Calculate in two clicks! yield, duration and other parameters
Calculate in two clicks! yield, duration and other parameters
Calculator What is a calculator?
  • Placement amount
    1,000,000,000 MAD
  • Outstanding amount
    1,000,000,000 MAD
  • Face value
    100,000 MAD
  • ISIN
    MA0000021230
  • CFI
    DBFUFB
  • FIGI
    BBG0000M7YJ8
  • Ticker
    BCEMC 5.95 10/15/18 A

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Issue information

Profile
Banque Marocaine du Commerce Exterieur S.A. provides various banking and financial services to individuals, professionals, firms, and corporate customers in Morocco and internationally. The company offers various deposits, such as savings, checking, current, and lawyer accounts; ...
Banque Marocaine du Commerce Exterieur S.A. provides various banking and financial services to individuals, professionals, firms, and corporate customers in Morocco and internationally. The company offers various deposits, such as savings, checking, current, and lawyer accounts; and personal loans, investment loans, and advances and overdrafts, as well as consumer, real estate, professional, and discount credits. It also provides asset management, stock brokerage, custody and advisory, bond and cash management, project financing, and craft business and investment banking services. In addition, the company offers various cards, transfer and exchange services, bancassurance, electronic payment services, and online services. It operates a network of approximately 560 branches, including 20 business centers and 1 corporate branch; and approximately 600 ATMs. Banque Marocaine du Commerce Exterieur S.A. was founded in 1959 and is based in Casablanca, Morocco. BMCE Bank of Africa's Extraordinary General Meeting, convened by Mr. Othman Benjelloun, Chairman of the Board of Directors, was held on Thursday March 5TH , 2020 at 5 p.m. at the Bank's head office at 140, Avenue Hassan II Casablanca. Shareholders, present and represented, and those who voted by proxy, held a total of 148,845,030 shares, or 74.5% of the Share Capital. The Extraordinary General Meeting, whose main purpose was the Bank's name change, unanimously adopted all of the resolutions. After reviewing the Board of Directors' Report, the Extraordinary General Meeting approved the Bank's new name: 'BANK OF AFRICA', abbreviated to 'BOA'.
Volume
  • Placement amount
    1,000,000,000 MAD
  • Outstanding amount
    1,000,000,000 MAD
Face value
  • Face value
    100,000 MAD
  • Outstanding face value
    *** MAD
  • Increment
    *** MAD

Cash flow parameters

  • Reference rate
    ***
  • Coupon Rate
    ***
  • Day count convention
    ***
  • Interest Accrual Date
    ***
  • Coupon frequency
    *** time(s) per year
  • Payment currency
    ***
  • Early redemption date
    ***

Early redemption terms

***

explore the most comprehensive database

800 000

bonds globally

Over 400

pricing sources

80 000

stocks

9 000

ETF

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— Are you looking for the complete & verified bond data?

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full data on over 700 000 bonds, stocks & ETFs; powerful bond screener; over 350 pricing sources among stock exchanges & OTC market; ratings & financial reports; user-friendly interface; available anywhere via Website, Excel Add-in and Mobile app.

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Why

You will have detailed descriptive & pricing data for 650K bonds, 76K stocks, 8K ETFs
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Placement

  • Placement method
    Open subscription
  • Placement type
    Public
  • Placement
    ***
  • Initial issue price (yield)
  • Geographic breakdown
    ***
  • Investor breakdown
    ***
  • The purpose of placing
    This operation consists of the issue of a new subordinated loan of indefinite duration, with a public call for savings and in the form of a bond issue to be placed on the local market, and whose funds will be of a nature to be classified as additional first level capital within the meaning of article 19 of the circular of Bank Al Maghrib 24G2006. Basel III Additional Tier 1 (AT1)

Conversion and exchange

  • Conversion terms
    ***

Additional information

Latest issues

Identifiers

  • State registration number
    OB119
  • ISIN
    MA0000021230
  • ISIN temporary/additional
    MA0000021933
  • CUSIP
    ***
  • CUSIP 144A
    ***
  • CFI
    DBFUFB
  • FIGI
    BBG0000M7YJ8
  • Ticker
    BCEMC 5.95 10/15/18 A
  • Type of security by CBR
    ***

Bond classification

  • Subordinated Unsecured
  • Coupon bonds
  • Bearer
  • Perpetual
  • Subordinated
  • Amortization
  • Callable
  • CDO
  • Convertible
  • Dual currency bonds
  • Variable rate
  • For qualified investors (CIS region)
  • Foreign bonds
  • Green bonds
  • Guaranteed
  • Inflation-linked principal
  • Supranational bond issues
  • Inflation-linked coupon
  • Mortgage bonds
  • Payment-in-kind
  • Non-Marketable Securities
  • Redemption Linked
  • Restructuring
  • Retail bonds
  • Covered
  • Securitization
  • Structured product
  • Commercial Bonds
  • Sukuk
  • Trace-eligible

Restructuring

***

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