29 September 2016
Deals | Morocco | Baking & Finance
Gide’s Casablanca and London offices have advised Maghreb Titrisation and the Office National de l’Electricité et Eau potable (ONEE) on a MAD 2 billion (EUR 185 million) securitisation operation initiated by ONEE.
Maghreb Titrisation was the lead arranger of this fourth securitisation operation launched by ONEE. It led to the creation of a securitisation fund dedicated to the acquisition of ONEE current and future trade receivables on its key corporate clients. Successfully closed on 7 September, this issue drew the interest of a wide range of accredited investors, including UCITS, retirement funds and banks.
The Gide team comprised in Casablanca Mariam Rouissi (partner) and Ghita Bourquouquou, and in London, Dimitrios Logizidis (partner) and Jérémie Bismuth.