(CercleFinance.com) – Argan has just proceeded, as planned, with the repayment of its bond loan in the amount of 130 ME, issued in June 2017, at a fixed rate of 3.25%.
Argan had blocked this sum after the bond issue of 500 ME carried out in November 2021 (rate of 1.011% for a maturity in November 2026).
‘Most of the property company’s debt (68% at the end of 2022) is in mortgage form (asset by asset) with a gradual amortization of the capital, thus requiring no short-term refinancing’ indicates the company.
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