First Independent Mena Newspaper
Morocco raised 2.25 billion euros through an international bond issuance, according to reports from local media, in a deal that has drawn criticism over the government’s lack of communication with markets ahead of the sale. The euro-denominated offering was split into two tranches with maturities of eight and 12 years, le360 reported citing anonymous sources. […]
Morocco’s phosphates and fertilizers producer OCP plans to issue a dual-tranche bond of 5 and 10 years, Reuters reported. OCP has mandated Citi and JP Morgan to arrange the bond sale, the agency reported without adding details. In February last year, OCP completed the issuance of an additional $300 million bond, linked to the group’s […]