Baker McKenzie has advised Casablanca Finance City (CFC) in the context of the issuance of a 355 million dirhams green bond.
This operation will allow to finance the extension of the CFC real estate programme, which aims to obtain international LEED certification (Leadership in Energy and Environmental Design). The issuance was completed through a private placement with the largest institutional investors of the Kingdom of Morocco, after having obtained authorisation from the Moroccan capital markets authority (AMMC).
CFC is recognised as the leading financial centre in Africa. Its ecosystem is made up of more than 150 member companies, comprising financial companies, regional headquarters of multinational companies, service providers and holding companies.
Baker McKenzie advised CFC with a team led by Kamal Nasrollah, partner and head of the Casablanca office, accompanied by Julien Grandry, counsel, Keltoum Boudribila, senior associate, and Rania Chawad, associate.