Translated version of this PSD: French
The EBRD has invested USD 60 million in a USD 300 million debut senior unsecured Eurobond by Banque Marocaine du Commerce Extérieur (“BMCE”). BMCE shall increase the aggregate size of its Loan Portfolio to Micro, Small and Medium-sized Enterprises (“MSMEs”) in Morocco by more than an equivalent amount.
The investment will increase access to funding for Moroccan MSMEs, and supported a debut bond issue by a Moroccan bank.
BMCE, incorporated as a public joint stock company under the laws of Morocco, is one of the largest Moroccan banks by assets.
USD 60 million investment in the 5-year senior unsecured bond issue.
USD 60 million.
Categorised FI: BMCE has capacity to implement the EBRD's E&S requirements in compliance with Performance Requirements 2 and 9. BMCE will submit Annual Environmental and Social Reports to the EBRD.
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