TAQA Morocco Group completed a MAD 6.6 billion fund raising
TAQA Morocco Group, through its subsidiary JLEC 5&6, has raised MAD 6.6 billion with Moroccan banks, with a 19-year maturity in 2042.
The transaction involved early repayment of the MAD 3.3 billion outstanding on JLEC 5&6’s initial project financing with a consortium of international and Moroccan banks.
This transaction reinforces further Taqa Morocco’s financial partnerships and their support for the company’s low-carbon strategy. It illustrates also the positive view that the Moroccan financial community has in the company’s development prospects.