The Ministry of Economic and Finance Ministry (MEF) praised the success of the bond in Morocco in the amount of 2 billion euros. This operation was carried out in two slices on March 26.
The first tranche of 4 years, which refers to an amount of 900 million euros, was issued to a spread of 155 basis points (PBS) and a price of 99.775%, whereby a return of 3.937% and a voucher of 3.875% indicates, as the ministry on its website indicates. With regard to the 2nd tranche of 10 years, with regard to an amount of 1.1 billion euros, a spread of 215 PBS was issued and a price of 99.276%, which provides a return of 4.843% and a voucher of 4.75%, the MEF also emphasizes.
“This program was a great success with international investors with an order book of more than 7 billion euros, which confirmed Morocco’s trust with international investors”. The Department of Nadia Fettah is pleased and adds that it has made it possible to diversify the sources of financing for Morocco and to determine new references to the credit -du -Maroc curve in the euro compartment. This program was set up with quality investors and received a favorable reception, which also led to a broad geographical distribution.
Please note that the program mentioned in Paris and London will follow by the Minister for Economics and Finance Minister Nadia Fettah to 55 investors, accompanied by a delegation from the Ministry of Finance and the external finance department (DTFE).
This roadshow was an opportunity, the political stability that enjoys the kingdom, the resistance of his economy and the reforms under the enlightened leadership of his majesty King Mohammed VI. This program was produced in 144a/regs format to enable investors to participate in the world, and underlines the MEF.
