Capital Trust, Capital Gestion Group and CIH advise Morocco’s ONDA for the first time on a new €137m bond issue
The bond issue will enable ONDA to pay back debt that has fallen due and maintain its programme of airport infrastructure investments despite the unprecedented crisis impacting the sector.
12/06/2020 at 17h42, by Tarik Bargal
The Moroccan Airports Authority (ONDA), a public entity whose 18 airports in Morocco have generated 4.2 billion Moroccan dirhams (€384m) in revenue in 2019, recently completed a 1.5 billion dirham (€137m) private placement with institutional investors.