Morocco wants to issue a bond loan on the international market for an amount not yet communicated with two maturities of 5 and 10 years.
Bloomberg announced that the kingdom has mandated four investment banks to assist in this debt raising. These are Barclays, BNP Paribas, Natixis and JP Morgan.
Launched on Wednesday, this debt raising will be in euros over two maturities: 5 and 10 years. No target amount. “This is a call for subscription where each investor will estimate the amount he can put in,” explains an expert.
“These new bonds will be assimilated to old Moroccan lines which will expire. It will therefore be a kind of renewal of old lines”, he adds, stressing that the operation can be completed in two or even three days.The results are expected next Monday.