Morocco issued Wednesday, December 5th2012, a bond on the international financial market amounting to1.5 billion dollars in two instalments.
The amount of the first instalment is 1 billion dollars with a maturity of 10 years and an interest rate of 4.25 pc, while the second amounts to 500 million dollars, with a maturity of 30 years and an interest rate of 5.50%.
This is the first time that Morocco launched a dollar transaction adding that 30 years maturity is the longest period achieved to date by the kingdom on the international financial market.
Before the launch of this loan, a road show in the United States and Europe was led by the Minister of Economy and Finance Mr. Nizar Baraka and the Minister Delegate to the Ministry of Economy and Finance in charge of the Budget, Mr.Driss Azami El Idrissi.
Four leading banks: Barclays Bank PLC, BNP Paribas, Citigroup Global Markets Limited and Natixis assisted Morocco in this event.