Morocco wins three distinctions in the "Global Capital Bonds Awards 2021" : 18/06/2021

Morocco wins three distinctions in the "Global Capital Bonds Awards 2021"

Morocco won three distinctions in the "Global Capital Bonds Awards 2021" ranked as : best international bond issuer in Africa, 2nd best issuer in the "Emerging markets" category and best head of the international financial market in the Africa region.

Global Capital is a London-based company that enjoys an international reputation, notably 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.

The aforementioned distinctions recognize the noteworthy success of the bond loan issued by Morocco on December 8th, 2020, which marked the return of our country to the dollar compartment after a 7 years absence. This issue, which had a volume of 3 billion dollars, was a resounding success among international investors with a memorandum record that exceeded 13.5 billion dollars, thus recording an oversubscription rate of more than 4 times, which resulted in very favourable funding conditions.

This crowning also testifies to the confidence of the international investor community in our country and the assets it has. Which were highlighted during the NetRoadshow conducted with this community of investors by the Minister of the Economy, Finance and Administration Reform with the participation of officials from the Treasury Department and External Finances.

The political stability enjoyed by the Kingdom, the resilience of its macroeconomic framework as well as the scope of the reforms carried out under the enlightened leadership of His Majesty the King, were highlighter through this NetRoadshow. Which constituted also an opportunity for investors to inquire about the economic and social measures taken by our country to limit the impact of the Covid-19 effects on the health crisis and boost the recovery of the Moroccan economy.