Morocco issues a bond loan of 2 billion euros

This article was automatically translated from HIBAPRESS, the Arabic version:

Hibapress

The Kingdom of Morocco issued, on March 26, 2025, a bond loan on the international financial market of 2 billion euros in two tranches, the Ministry of Economy and Finance announces on Wednesday.

The 1st tranche of a maturity of 4 years, relating to an amount of 900 million euros, was issued to a Spread of 155 base points (PBS) and a price of 99.775% thus offering a rate of return of 3.937% and serving a coupon of 3.875%, specifies the ministry on its website.

The 2nd tranche of a mature of 10 years, relating to an amount of 1.1 billion euros was issued to a SPREAD of 215 pbs and a price of 99.276% thus offering a rate of return of 4.843% and serving a coupon of 4.75%, said the same source.

This program was a great success with international investors with a order book exceeding 7 billion euros, thus confirming the confidence enjoyed by Morocco with international investors.

This issue has made it possible to diversify the sources of financing in Morocco and to establish new references on the Credit du Maroc curve on the euro compartment. Placed with quality investors, this program received a favorable reception which also resulted in a wide geographical distribution.

The said program follows a roadshow led in Paris and London to 55 investors by the Minister of Economy and Finance, Nadia Fettah, accompanied by a delegation from the Treasury and External Finance Department (DTFE).

This roadshow has been an opportunity to highlight the political stability that the kingdom enjoys, the resilience of its economy as well as the reforms carried out under the leadership of King Mohammed VI.

This program was produced in 144A/REGS format in order to allow large participation of investors around the world.