Morocco has won three accolades in the “Global Capital Bond Awards 2021” ranking, the Ministry of Economy, Finance and Administration Reform announced.
It is the best international bond issuer in Africa, the 2nd best issuer in the “Emerging markets” category and the best international financial market manager in the Africa region, the ministry said in a statement.
These distinctions recognize the remarkable success of the bond issue issued by Morocco on December 8, 2020, which marked the return of our country to the dollar compartment after an absence of 7 years.
This issue, which had a volume of $ 3 billion, had been a resounding success with international investors with an order book that exceeded $ 13.5 billion, thus recording an oversubscription rate more than 4 times, which made it possible to come out with very favorable financing conditions, explains the ministry.
These distinctions reflect the confidence of the international investor community in the assets available to Morocco. These assets were highlighted during the NetRoadshow conducted with this community of investors by the ministry with the participation of officials from the Treasury and External Finance Department.
This NetRoadshow was also an opportunity for investors to learn about the various economic and social measures implemented by Morocco to limit the impact of the effects of the health crisis linked to the pandemic of the new coronavirus (Covid-19) and boost the revival of the Moroccan economy.
Global Capital, a London-based company, enjoys an international reputation, particularly for the analysis of financial transactions in international financial markets. It conducts annual rankings, based on market surveys, of the various players according to their sectors of activity, thus enabling them to monitor their performance against their peers.