Global Capital Bonds Awards 2021: Morocco Receives Three Prizes

Morocco received three prizes in the “Global Capital Bonds Awards 2021”, the Ministry of Economy & Finance announced on Friday.

Morocco was thus ranked as the best issuer of international bonds in Africa; the 2nd best issuer in the category “Emerging Markets”; and the best manager of the international financial market in the African region, said the ministry in a statement.

These awards recognize the remarkable success of the bond issued by Morocco on December 8, 2020 and which marked the return of the country on the dollar compartment after an absence of 7 years, said the statement.

This issue, which had a volume of 3 billion dollars, had been a great success with international investors with an order book that exceeded 13.5 billion dollars recording an oversubscription rate of more than 4 times, which allowed to exit with very favorable financing conditions, the ministry explained.

This achievement also demonstrates the confidence of the international investment community in Morocco and the assets it has. These assets had been highlighted in the NetRoadshow conducted with this community of investors by the finance ministry with the participation of officials from the Directorate of Treasury and External Finance (DTFE).