The bond issue launched by Morocco in March 2023 on the international market has just won the prize for “Best sovereign bond in Africa” of the year 2023, awarded by the prestigious financial magazine EMEA Finance.


The British specialist magazine EMEA Finance annually ranks the main transactions carried out on the international financial market as well as the main players in Europe, the Middle East and Africa.

The prizes awarded by EMEA Finance are based on the votes of market participants and reward the most successful transactions and the quality of the work accomplished by the issuer and its partners.

The road show organized by the Ministry of Economy and Finance on the occasion of the raising of this bond issue had the merit of confirming Morocco’s place as an actor appreciated by investors, offering signature quality credibility reinforced in particular by a sustained momentum for structural reforms and political and social stability.

The success of the roadshow and investor demand exceeding USD 11 billion demonstrate the confidence our country enjoys and represent recognition of the progress our country has made. This roadshow allowed Morocco to successfully place this issue of 2.5 billion USD in two tranches.

The first tranche concerns an amount of 1.25 billion USD with a maturity of 5 years and an interest rate of 5.95%.

The second tranche, for an amount of 1.25 billion USD, has a maturity of 10 and a half years with an interest rate of 6.5%.

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